Innovation in video and audio analytics is driving new applications and services like facial, emotional, gender, and object recognition, creating dramatic new capabilities to understand context and deliver value. Embedding microphones in devices throughout the home to deliver a voice interface creates opportunities to extend value through sound recognition and notifications. Detection of glass breaking or a baby crying provides clear value to consumers. This report examines how video and audio analytics are evolving and impacting the smart home user experience and profiles companies that are driving the technology forward.
Bottom Line
Smart Audio and Video Devices: Growing in Capability and Reach
Before the Analytics – Advancements in Data Capture
Smart Devices being very Smart: Inferencing at the Edge or the Cloud
Peace of Mind after a Troubling 2020
Security and Surveillance
Keep an (Electronic) Eye on Loved Ones
AI: Assisting Seniors and Caregivers
Help with Housework
Control without a Touch
Video and Audio Analytics Players across the Value Chain
Original Equipment Manufacturers
Software Vendors
Innovations on the Horizon – Applying Wider AI Use Cases to the Smart Home
Implications and Recommendations
Appendix
Consumer Data Methodology
Attribution
Forecast of Connected Devices Sold with Video & Audio Analytics
Edge vs. Cloud: Comparing Benefits Head-to-Head
Factors Driving Security Device Purchase among Recent Buyers (Pre-COVID)
Increased Use of Networked Cameras Due to COVID-19
Location of Cameras In and Around the Smart Home
Area or Person Monitored by Cameras
Cloud Video Storage Services
Preferred Pricing Model for AI Capabilities
Caregivers Describing Loved One's Independence
Appeal of Smart Appliance Features
Smart Home Speakers and Hubs
Video & Audio Analytics-enabled Product Value Chain
Prominent Original Equipment Manufacturer
Comparing Digital Assistant Strategies
© August 2021 Parks Associates
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Printed in the United States of America.
Disclaimer
Parks Associates has made every reasonable effort to ensure that all information in this report is correct. We assume no responsibility for any inadvertent errors.
