Parks Associates: 9% of U.S. Broadband Households Likely to Purchase Smart Watch in the Next Year

New research from IoT firm shows smart watch adoption increases to 14%, while tablet adoption peaks

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Oct 04, 2017, 08:40 ET

DALLAS, Oct. 4, 2017 /PRNewswire/ -- Parks Associates announced new IoT research today showing a continued increase in adoption of smart watches, with adoption reaching 14% in Q2 2017. The firm's research also shows that smartphone adoption has remained stable since 2016, while tablet adoption may have peaked after reaching a high of 72% in Q1 2016.

Parks Associates: Adoption of Mobile Devices

"Although smart watches have not become mainstream yet, purchase interest is on the rise," said Kristen Hanich, Research Analyst, Parks Associates. "The proportion of consumers very likely to purchase one of these devices jumped from 3% in Q1 2016 to 9% in Q2 2017. New smart watch models from Apple and Fitbit will drive increases in consumer demand. At the same time, operators are migrating their networks to 5G architecture to provide more low-power cellular connectivity options to device OEMs, which will help consumers find new use cases for these devices."

The firm recently released its 360 View: Mobility & The App Economy, which quantifies mobile device and service usage and preferences. The research also assesses the opportunities available for service providers and other players in the mobile ecosystem.

Parks Associates also released two industry reports assessing the mobile and broadband landscape:

Modern Broadband: Impact of Wireless on Fixed-line examines the use of cellular and Wi-Fi connections for in-home and out-of-home data needs. The report addresses the impact these wireless technologies will have on fixed-line broadband services and evaluates usage of both options, as well as the pros and cons of each, and includes a five-year forecast for fixed-line global broadband household connections.
Mobile Data Services: Business Model Assessment analyzes how global mobile operators sell mobile data services, manage customer loyalty programs, develop innovative services, and offer customer incentives such as zero-rated services and international travel plans. It also provides an update of global mobile data revenues earned by operators from 2017-2021.

Additional data from the research shows:

Tablet adoption declined to 67% in Q2 2017, down from 72% in Q1 2016.
In 2016, 12% of the U.S. population owned a smartphone but did not have fixed home broadband.
While 40% of consumers show interest in connected cars, only 2% of families with a shared data plan report having a connected vehicle on their plan.
Loyalty programs and value-added services have an extremely positive effect on net promotor scores (NPS) for operator brands, potentially raising NPS by 15-30 points.

More information about the research is available at www.parksassociates.com. To schedule an interview with an analyst or to request specific data, contact Julia Homier at [email protected], 972-996-0214.

About Parks Associates
Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.

The company's expertise includes digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security.

Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, Connected Health Summit: Engaging Consumers, and Smart Energy Summit: Engaging the Consumer. http://www.parksassociates.com

Julia Homier
Parks Associates
972-996-0214
[email protected]

SOURCE Parks Associates