22. August 2016 · Comments Off on IHS: Smart home growth hindered by lack of awareness, fragmentation · Categories: News · Tags: , , , ,

While the advent of smart home solutions has created new revenue streams for residential security companies and subsequently increased the value that an alarm system provides to consumers, the technology still faces several challenges that could hinder its growth moving forward.   In fact, according to Tim Hewitt, analyst for security and building technologies at IHS Markit, while the initial uptake of smart home systems by early adopters was in line with expectations, existing market barriers have become more significant as companies have tried to expand their offerings to the broader market. As a result, Hewitt said the market research firm has revised its forecasts to account for the lack of broader consumer interest in connected home products.

Source: IHS: Smart home growth hindered by lack of awareness, fragmentation

19. August 2016 · Comments Off on Homebuyers Want Smart Home Details · Categories: News · Tags: , , , ,

Smart Home Ready Americans are excited by smart home options—but 44 percent want the technology already installed before moving in to a new home. Further, 57 percent would consider buying an old home if smart home tech had been installed. So says a new survey from Coldwell Banker Real Estate which found that the majority of those who are eager for smart home tech are Millennials, then followed by those from Generation X, and finally Baby Boomers. Although smart home devices are growing easier to install, consumers still want some of the work done for them. Having a home pre-wired and set up for smart home devices, whether a smart thermostat or security system, is clearly now a attractive feature for home buyers.

Source: Homebuyers Want Smart Home Details

19. August 2016 · Comments Off on 61% Of Smart-Home Revenue Came From Security Cameras In The Last Year  · Categories: News · Tags: , , ,

If consumers are shopping for smart-home products, security is likely top of mind.According to The NPD Group’s Connected Intelligence service, four out of 10 consumers who are at least somewhat interested in a smart home ranked making their home more secure and safe as the top reason driving their interest.

Source: 61% Of Smart-Home Revenue Came From Security Cameras In The Last Year | Twice

19. July 2016 · Comments Off on Home Automation in Canada Set to Take Off – If Consumer Mindset Shifts · Categories: News · Tags: , , , ,

Mass adoption of connected home devices may not be too far off. Ipsos focused in on the popular topic of home automation in its latest installment of the Canadian Interactive Trends Report, a quarterly syndicated study. Looking at interest, attitudes, and behaviours toward home automation among Canadian households, the study found that significant opportunities are just around the corner, but consumers need to understand the true value of home automation first.

Source: Daily Exchange – Posting

25. June 2016 · Comments Off on Smart Homes Hit 13 Million, Up 56%; On Way To 46 Million  · Categories: News · Tags: ,

A lot of the creating of a smart home for a consumer is hardly a do-it-yourself proposition.It looks like the most consumer satisfaction in smart home device setup comes from others who provide for the installation of devices rather than from consumers doing the tasks themselves.

Source: Smart Homes Hit 13 Million, Up 56%; On Way To 46 Million 05/31/2016