Smart home solutions helped to drive double-digit growth in home security over past two years

A new Parks Associates report finds smart home offerings have helped revitalize the residential security industry, as the number of households with monitored security rose over 15% in the past two calendar years. The New Face of Home Security - 2015 Edition reports approximately 21 million U.S. homes have professionally monitored security, with another 1.5 million with monitoring in a second home. 
"By the end of 2015, nearly six million professionally monitored homes will also have smart home control as part of their security system," said Tom Kerber, Director, Research, Home Controls & Energy, Parks Associates. "Smart home is firmly entrenched as part the U.S. security industry, thanks to both push and pull factors. Companies such as Vivint, AT&T, and ADT have been aggressive in offering smart home features with their systems, while security owners are open to new technologies. Security households are 150% more likely than non-security households to state that they keep up with technological innovations and like to own the latest devices."   Full Press Release.
 

Study - Smart Home Technology Will Have Greater Impact Than Wearables

New GfK research shows that half of US consumers believe smart home technology will have a major impact on their lives – a higher level than wearables or cloud computing and equal to mobile payment systems.

The study, which covered seven countries, asked consumers to choose which of 11 leading-edge technologies – from 3D printing to augmented/virtual reality to Internet of Things -- would be important to their lives. (Respondents could choose as many technologies as they wished.)

In the US, 51 percent of consumers picked smart home, versus 50% for mobile payments – a statistical tie; these compare to global levels of 54% for mobile payments and 51% for smart home. (The global figures cited here represent five of the seven countries in the full survey – US, UK, Germany, Brazil, and South Korea; data for China and Japan will be released later.)

Four in ten (42%) US consumers cited wearables – significantly higher than the global score of 33% -- while cloud computing came in at 41%.

Full Press Release:

Lowe's: Consumers Prefer Home Improvement Stores for Smart Home Products

Today, Iris by Lowe's released the results of its annual Smart Home Survey, revealing that when it comes to shopping for smart home products, home improvement stores (either in-store or online) were rated the No. 1 place Americans are most likely to buy. When asked why they would choose a home improvement store, most say it's because it is a retailer they can trust (55 percent) that has knowledgeable staff (40 percent) and a variety of available products (48 percent). 
The 2015 Smart Home Survey, conducted online in August by Harris Poll on behalf of Iris, Lowe's Smart Home Business Unit, polled more than 2,000 U.S. adults aged 18+ and examined Americans' attitudes toward and experiences with smart home products, homing in on the driving factors behind their purchasing and use preferences. Results from this year's study indicate that when it comes to purchasing considerations, cost of equipment and monthly fees as a deciding factor has decreased (down from 56 percent in 2014), though it's still the most commonly cited (43 percent). Ease of use is the second most important deciding factor (19 percent, up from 13 percent in 2014), followed by energy and efficiency features (15 percent) such as home temperature control and automated lighting.   Full Press Release:
 

Parks Associates: Smart home devices and systems will prompt over 7 million support requests in 2015

New research highlights impact of IoT on broadband households and privacy concerns among connected consumers

Parks Associates: Over 40% of thermostats sold in 2015 will be smart thermostats

Retail channel accounts for largest percentage of units sold, underscoring need for interoperability across IoT devices

Icontrol Networks Announces Cloud Analytics Initiative to Bring Automated Intelligence to Smart Home Platforms

Partners with mnubo to bring new level of convenience via automatic learning

Bluetooth speakers drive growth in home audio, says firm

The home audio market (wireless speakers, soundbars, Hi-Fi systems, A/V receivers and speaker docks) grew by 22% to ship 71 million units. Trade value also grew by 22%, generating just under US$10 billion worth of revenues in 2014, according to Futuresource Consulting.

Wireless speakers and soundbar shipments exceeded market expectations and accounted for the lion's share, far outweighing the decline in demand for traditional audio devices i.e. A/V receivers and Hi-Fi systems. The wireless speaker market was fuelled by strong growth in Bluetooth speakers in the lower end of the price spectrum and multi-room audio at the premium end.

Home audio devices increasingly offer wireless functionality and shipments with this feature grew by 93% from 27 million units in 2013 to 53 million units in 2014. Futuresource said it predicts that virtually all home audio devices will be wireless by 2019.

Parks Associates Report Smart Home Platforms for Health Addresses Connected Health and IoT Opportunities for the Smart Home

Research firm notes investments in connected health likely to increase following Supreme Court decision

Icontrol Adds Analytics for Smarter Homes

Mari Silbey for LightReading:  If the first phase of the smart home is about adding sensors to light bulbs and door locks, the second phase is about collecting and analyzing data to make the smart home even smarter. Icontrol is moving on to the second phase, announcing that it has teamed up with Canadian company mnubo to bring data analytics to its popular smart home platform.

There's been no question that analytics will play a large role in connected homes of the future. It's a short leap from telling your home to flip the lights when the front door opens to having the smart home system understand that a door opening means the lights should come on, or that at 6 p.m. the family is headed home and the lights and temperature should be adjusted accordingly. With data collected over time, a machine learning system for the smart home can start to predict user preferences.

Icontrol believes it has an advantage in this emerging phase of the market because its scale means it has more data to work with than many of its competitors. The company is the dominant platform provider in the US cable industry, and Icontrol says its software is already tracking more than 26 million sensors and devices. The platform is expected to manage more than 100 billion transactions worldwide in 2015.  Cont'd...

CEA, LonMark Announce New Home & Building Automation Standards

Two new standards will facilitate enhanced device-to-device interoperability

2015 State of the Smart Home Report Reveals Seeing is Believing, Smart Home Mass Adoption to be Led by Familiar Connected Products with Obvious Benefits

Icontrol Networks' Annual Research Profiles Smart Home Customers, with Millennials and Parents Likeliest to Buy

One Quarter of Millennials Have Begun Building Smart Homes and Four-in-Ten Want One, According to The NPD Group

According to The NPD Group Connected Intelligence Advisory Service, Millennials are twice as likely as the total population to have a smart home product installed in their residence.

One Quarter of Millennials Have Begun Building Smart Homes and Four-in-Ten Want One, According to The NPD Group

Millennials are on the road to building smarter homes. According to The NPD Group Connected Intelligence Home Automation Advisory Service, Millennials are twice as likely as the total population to have a smart home product installed in their residence.
The array of smart home products evaluated include network connected security and monitoring devices, sensors, system controllers, smart lighting, power, and appliances. One-in-four Millennials (23 percent) already installed at least one of these products in their homes, compared to 12 percent of the total population. Millennials will continue to drive the growth in this market as four-in-ten (41 percent) of this age group are already aware of and interested in owning smart home products.
A key factor that is driving this early growth is that the smart home market is no longer just for home owners. Renters are as likely as home owners to have smart home products installed, and are three times more likely to be part of the millennial age group. More than a third of renters are between the ages of 18-34.
“Today’s smart home products no longer require professional installation and ongoing subscriptions, many are now plug-and-play options,” said John Buffone, executive director, Connected Intelligence. “The product mix such as smart cameras, lights, and plugs, fits the lifestyle of both home owners and renters which opens up a larger, younger and more tech-savvy consumer market.”

Parks Associates: 64% of broadband households in the U.K. connect a home entertainment device to the Internet

Parks Associates President moderates panels at Smart Home World Summit, June 23-24

Global Revenue from Shipments of Residential Internet of Things Devices is Expected to Reach Nearly $70 Billion in 2025, According to Navigant Research

Interoperability issues, created by a variety of standards and protocols, are challenging this market, report finds

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