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Research reveals growth ahead for U.S. spend on smart home products

According to research from Parks Associates, ownership of smart home products increased by more than 50 per cent in the last year. In the next 12 months, 43 per cent of U.S. broadband homes plan to purchase a smart home device.


December 15, 2015
By SP&T Staff
SP&T Staff

The firm will host a smart home session at its upcoming CONNECTIONS Summit in Las Vegas next month.

According to a statement from the company:

Parks Associates and industry executives from Affinegy, Cirrent, ecobee, ULE Alliance, and Wi-Fi Alliance will examine the factors driving adoption of smart home solutions during the session “Ease of Use, Interoperability, and Mass-Market Adoption,” 2:30 p.m. on January 6, 2016 at CONNECTIONS Summit: IoT, Entertainment, and the Connected Consumer.

“Connectivity opens the door to new, highly differentiated products and services, but interoperability remains a challenge,” said Tom Kerber, Director, Research, Home Controls & Energy, Parks Associates.

“Connecting products to networks and other products is essential, yet a secure, plug-and-play experience is still uncommon in the smart home. Network standards, application standards, and APIs are all part of the solution.”