2017 Tech Growth Exceeds Expectations: Industry Revenue to Reach Record Levels as Emerging Categories Soar, Says CTA
Industry to surpass $300 billion in revenues; drones, VR, OLED TV categories to cross $1 billion threshold
New report shows only 30% of consumers believe that smart thermostats are affordable
Parks Associates: Only 10% of Users Use Their Personal Assistant Device or App to Control Smart Home Devices
New research examines challenges and strategies for smart home products and services
TWICE: Smart lighting & thermostats were common first steps into the smart home
The firm's consumer research has detailed a shift in smart home purchase behaviors in the past year as retail is now the most common purchase channel for smart home products.
According to the report, global home automation market was valued at around USD 5.0 billion in 2014 and is expected to reach USD 21.0 billion in 2020, growing at a CAGR of around 25% between 2015 and 2020.
VCs and Investors to address IoT investment and growth opportunities at 21st-annual CONNECTIONS Conference, May 23-25 in San Francisco
Nicholas Shields for Business Insider: The same issues BI Intelligence first identified back in 2015 still plague the space - persistently high prices, technological fragmentation, and consumers' lack of a perceived benefit from the devices.
Rene Millman for Internet of Business: Smart home consumers can be divided into seven segments, according to new research from market analyst firm Strategy Analytics.
Benchmark report from PlumChoice and Z-Wave Alliance shows consumers got 'smarter' in 2016, examines individual device interest
Sheri Kasprzak for PDDNet: Smart homes are the wave of the future. That future could include more than 4 billion smart home sensors installed in homes around the world by 2022, according to ABI Research, a technology market research firm.
Tom Bryant for PCMag: Americans like the idea of smart homes, but when it comes to actually paying the bill for stuffing their houses and apartments with futuristic Internet of Things (IoT) tech and devices, they balk. Just 27 percent of Americans have purchased a connected home device, although 71 would appreciate the ability to monitor their home while they're away, according to a survey of 2,177 adults commissioned by home automation company Wink.
More Than 80 Percent of Insurance Carriers Believe Leveraging Smart Home and IoT Technology Will Attract New Customers and Improve Customer Relationships
NTT DATA study finds a carrier-consumer perception gap; Market unknowns and pricing barriers may stand in the way of Smart Home adoption
Disruptive Forces in the Home Security Market highlights trends in security industry ahead of ISC West
Parks Associates: Security research from Parks Associates shows that adoption of interactive services among U.S. households with professional security monitoring has experienced a 50% CAGR from 2011 to 2016, reaching more than 8.3 million U.S. households. Adoption of interactive security services, such as monitoring through an app and mobile control, will grow at an estimated 13% CAGR from 2016 to 2021, according to Parks Associates' forecasts from Home Security NUMBERS™.
A new report from Juniper Research forecasts that smart home automation and monitoring devices will grow to over 770 million globally by 2021, representing an eleven-fold rise from just 68 million estimated in 2016. The new research, Smart Home Markets: Entertainment, Monitoring, Automation, Health, Metering, Appliances 2017-2021, found that increasing adoption of platform evangelism and openness to partnerships is boosting third party development of devices, especially in developed markets. Indeed, North America, Far East & China and West Europe will account for almost 75% of all households adopting the technology in 2021. Subscription Services Lose Traction, Cont'd...
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