Smart-Home Suppliers Grow Selections & Connections
Joseph Palenchar for TWICE: Smart-home suppliers are positioning themselves to get the most out of the market’s growth potential by expanding system capabilities, entering new niches and expanding their product selections.
Companies are also making their products more attractive to consumers by making them interoperable with other suppliers’ products.
The growth potential was underscored by a Parks Associates survey that found almost 20 percent of U.S. broadband households own at least one smart-home device, and a lot more consumers want them. About 49 percent of all broadband households plan to buy a smart-home product in the next 12 months, Parks found. Among consumers who own a security system, that percentage jumps to 65 percent.
“Security households, rather than being content with their current system, have a proclivity to add more smart features to their home,” said Parks president Stuart Sikes.
Here’s what suppliers are doing to leverage demand: Full Article:
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