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Evolution of Smart Home Products and Services

Evolution of Smart Home Products and Services

  • December 2017
  • 62 pages
  • ID: 5248945
  • Format: PDF
  • By Parks Associates

Summary

Table of Contents

Purpose of Report
The smart home market is evolving with new technologies, improved interoperability, expanded product intelligence, enhanced service integrations, and innovations in business models. This report provides insight into market innovations and differentiators as well as the successful business strategies for players in the smart home product and service markets. It also includes case studies of leaders and new entrants that are shaping the evolution of the smart home in the U.S. and key growth areas around the globe.

Scope of Report
- The report focusses on the following key topics for smart home products and services
- New strategies to facilitate smart home device purchases
- Emerging sales channels for smart home devices
- Underlying drivers for new business models
- Key developments in user interface (UI) including voice integration
- Underlying drivers for technology improvements
- New opportunities for recurring revenue

Geographically, this study focuses on U.S. utilities. However, the concepts apply globally.

Research Approach/Sources
Information for Evolution of Smart Home Products and Services is drawn from several sources:
1. Public information such as websites, financial reports, corporate presentations, conference calls, press releases, and speeches at conferences.
2. Interviews with device manufacturers, solution and service providers, software companies, and retailers.
3. Information from Parks Associates Reports:
Smart Home Tracker (Q2/2017)
Consumer Choice: Standalone or Bundled Smart Home Devices (Q1/2017)
Smart Home Tracker (Q1/2017)
Transforming the Smart Home User Experience (Q4/2016)
The Evolution of Support Services: Global Trends and Outlook (Q4/2016)
Tech Support: Influencing IoT Adoption (Q1/2016)

4. Data from primary consumer surveys conducted by Parks Associates over the past two years, including the following:
Smart Home User Experience – a compilation of data taken from multiple Internet surveys of heads-of-broadband-households in the U.S between 2014 and 2017 (Q4/2017)
Insurance Opportunities in the Connected Home – a compilation of data taken from multiple Internet surveys of heads-of-broadband-households in the U.S between 2010 and 2017 (Q3/2017)
American Broadband Households and Their Technologies – a Parks Associates study of over 10,000 heads-of-broadband-households in the U.S. (Q2/2017)
American Broadband Households and Their Technologies – a Parks Associates study of over 10,000 heads-of-broadband-households in the U.S. (Q1/2017)
American Broadband Households and Their Technologies – a Parks Associates study of over 10,000 heads-of-broadband-households in the U.S. (Q4/2016)

Companies Mentioned
ADT
Affectiva
Amazon
Intellivision
Kuna
Lennar
Amazon Echo
Apple
August
B8ta
Bed Bath and Beyond
Belkin
Best Buy
Bixby
Bixi
Bosch
Brookfield Residential
Bundles
Coldwell Banker
Cortana
Deutsche Telekom
D-Link
Entrata
EyeSight Tech
FIBARO
Geek Squad
Google
Google Assistant
Home Depot
HomeKit
Honeywell
IKEA
LG
Lockstate
Logitech
Lowes
Lutron
Lyric
Meritage Homes
Microsoft
Nest
Nexia
Panasonic
Phillips Hue
R & F properties
Ring Video Doorbell
Samsung
Schlage
Siri
SmartThings
STEM
Target
TRI Pointe Group
Vivint
Walmart
WeMo
Wink

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