A Future of Personalized, Predictive, & Proactive Smart Home Experiences

The progress made by connectivity, artificial intelligence, video analytics, and integration among products increases the applications, services, and overall value of smart home solutions for consumers. The capabilities are expanding beyond the traditional access points, opening new opportunities to help transform the smart home into an increasingly more personalized, predictive, and proactive experience.

As the technology used in smart homes and security systems grows in complexity, consumers opting for professionally installed and monitored systems rely on their providers' expertise for configuration and support. Security providers can diversify their consumer base by expanding solutions to integrate new home services designed around safety and security value propositions. The whitepaper reports 23% of home security system owners want to extend their system to protect their yard and outdoor items, while 69% of home security system owners are interested in vehicle monitoring as an add-on for home security systems. This indicates that expanding beyond the home will also improve consumer engagement with their systems.

Consumers' expectations for their devices and household services will continue to expand in parallel with their capabilities, opening more doors to integrate new monitoring services into the home. The future is bright for those companies that recognize the value of choice and the opportunities to create additional.

For more information on the adoption of technology including smart home, security, connected health, energy, and home automation?register?for the Parks Associates 26th annual?CONNECTIONS? Conference.