Connected US Households: Growth and Adoption of Smart Home Tech

The Foundation is in Place

After decades of build-out and investment, and a pandemic that pushed work, school, entertainment, and healthcare further into the home, households in the US and other developed markets are more connected than ever. Parks Associates research of 10,000 internet households shows increased adoption:

• 92% of US homes have internet
• 92% of US internet households have Wi-Fi
• 87% of US internet households have a smartphone
• 41% of US internet households have at least one smart home device
• 60% have a smart speaker and sensor innovation is rapidly growing

The home broadband market is growing at the fastest rate in well over a decade, and Parks Associates forecasts that by the end of 2025, approximately 93% of US households will have a broadband subscription — either fixed or mobile. The home network is a critical point of visibility and control for all smart homes, computing, entertainment, health, and other consumer electronic devices and has the potential to enable a new dimension of value by offering integrated applications.

The average US internet household has more than 16 connected devices in the home.

Download our complimentary White Paper, “Next-Generation Smart Home: Building for the Future,” developed in collaboration with Connectivity Standards Alliance . This white paper assesses the motivations and market dynamics driving the smart home market forward, the strategies for engaging new buyers to the smart home, and expanded use cases building on the substantial landscape of existing solutions, including aging-in-place solutions, energy management, insurance, and monitoring. Download now: https://bit.ly/44Sk7pI

Join us for CONNECTIONS? 2023! CONNECTIONS? features an in-person conference May 23-25, 2023, with virtual sessions on March 2, July 20, and October 5, focusing on the smart home market, home security, and new services for the home. The executive research conference includes presentations from Parks Associates' leading analysts and visionary sessions featuring executives in the connected entertainment and digital home technology industries. CONNECTIONS? is the only connected home event to focus on the use cases and emerging business models that will successfully engage consumers and grow revenues in the converging IoT industries - including smart home, connected entertainment, and mobile ecosystems. The audience is top executives, media, and thought leaders in the digital living markets.

Connected Health Summit is co-located with CONNECTIONS?: The Premier Connected Home Conference at the at the Omni Frisco Hotel. Sessions will address investments in digital health and security solutions, new choices in care, and new value provided through data integration. Parks Associates’ Connected Health Summit is a three-day executive conference focused on the impact of connected devices and IoT healthcare solutions on consumers at home.

Register for CONNECTIONS?: https://bit.ly/3HYl45M

Register for Connected Health Summit: https://bit.ly/44SR6tN