Creating Value: The Future of Smart Home

In the next phase of smart home development, reliable connectivity and basic interoperability between products are going to be standard. Manufacturers will leverage these benefits to differentiate their product lines, find competitive advantages, and create new value for the user. They will deliver on the SMART part of the smart home promise through home ecosystem partnerships, expanded distribution channels, and intelligence derived from sensors that will increasingly expand and personalize services, which will in turn generate recurring revenue.

Smart home leaders are focusing on these elements to achieve expanded business goals:

• Broadband providers leverage value-added services to generate revenue and provide customer-oriented services that drive loyalty and retention.
• HVAC dealers can provide proactive HVAC monitoring and maintenance service subscriptions, enabled through added sensors, connectivity, and data, that provide strong value to homeowners and business operations.
• Residential security players are expanding their position in the energy market with solar installs and partnerships.

The smart home market is fragmented because of the different ecosystems and the volume of players and products in each ecosystem.

Widespread reliable connectivity and standards like Matter form a solid foundation for growth among different ecosystem players. The next generation of the smart home is about integration and services, with the same drivers as the past: safety and security, convenience, and energy management.

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 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