Here are some key insights from Z-Wave’s State of the Ecosystem report
January 4, 2022 By SP&T Staff
The Z-Wave Alliance has announced the release of its third-annual Z-Wave State of the Ecosystem Report. The newly available report – fielded in cooperation with Interpret – leverages a mix of syndicated data to provide a baseline of the overall smart home market landscape as well as data collected from a custom quantitative survey of 1,500 U.S.- based smart home device owners. The report uses this data to examine current and future smart home technology trends, and new opportunities with an emphasis on the role Z-Wave plays in market.
Key insights from the report include a market eager to grow their personal smart home ecosystems, this desire was especially strong among respondents that already own a Z-Wave device.
According to Z-Wave, the report also found that smart security and home control systems owners exhibit a strong appetite to add -on devices. 97 per cent of control system owners and 90 per cent of smart security system owners have added devices.
Additionally, the report also found that those who already have a security system or control system exhibit identical purchase intentions when it comes to the devices they are interested in adding. Top rated devices included Wi-Fi networked cameras, smart door locks, and smart video doorbells.
DIY, or self-installation, has emerged as the dominant means of installation for a wide range of products, often purchased at retail or direct from the manufacturer. Devices more likely to be pro-installed are those attached to control systems or requiring more involved installation.
Finally, Z-Wave’s research also found that on the professionally installed side of the market, two thirds of those with installed smart security and smart home control systems have had their installer add more devices.
“The 2022 Z-Wave State of Ecosystem Report is a portrait of how the Z-Wave protocol is used to answer serious challenges—and how Z-Wave’s maturity, reliability, and interoperability converts consumers and drives market adoption,” said Z-Wave Alliance Executive Director Mitch Klein in a statement.
“We are the steward of the Z-Wave standard, and as a member run standards development organization establishing key benchmarks like those established in this report provide excellent insights our members can act upon. This data indicates we may be entering our most exciting chapter yet.”
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