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

One-fourth of broadband households in the U.K., Spain, and Germany find at least one smart home device very appealing

Honeywell to keynote 10th-annual CONNECTIONS™ Europe in Amsterdam

Consumer Demand for Connected Home Products Slows Dramatically in First Half of 2015 and Continues Rapid Drop Off

New report by Argus Insights reveals that of all Home Automation devices, security cameras are most talked about and despite investments in Nest and Dropcam by Google, and SmartThings by Samsung, consumer demand still lags

ZigBee and 802.15.4 Shipments to Reach 2.5 Billion by 2020, Says ON World

ON World's recently published report finds that annual shipments of IEEE 802.15.4 and ZigBee chipsets doubled last year and will reach a cumulative 2.5 billion chipset sales within the next five years. The smart home will make up over two-thirds of the IEEE 802.15.4 chipsets at this time.

Parks Associates: Familiarity with New IT Support Services Low among SMBs

New research identifies small business adoption and usage of IT and cloud solutions

Parks Associates Announces New Industry Report Examining Robotics in the Connected Home

11% of U.S. broadband households will have a robotic vacuum cleaner by 2020

Parks Associates: 7% of U.S. households have broadband and OTT but no pay TV

New industry report examines current and future market for OTT and TV Everywhere video services

Parks Associates: Over 50% of Canadian broadband households have a connected CE device to watch online video via a television

Emerging Power of IoT in Canada reveals adoption and usage trends among Canadian connected consumers

Parks Associates: Smartphone ownership exceeds desktop ownership in U.S. broadband households

CONNECTIONS™ agenda features over 100 executives discussing connected entertainment, smart home, and Internet of Things

Parks Associates estimates 1.6 billion video viewers worldwide in 2015

Industry Report and NUMBERS™ highlight Connected Product Forecasts and Consumer Trends Worldwide

CEA Research: Consumer Electronics Are More Energy Efficient than Ever

Recent study reports in-home tech devices use smaller percentage of energy than a few years ago

72% of Households Use Connected Home Services for Real-time Capabilities

Essence Data Provides Insight into IoT Consumer Activities

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