Parks Associates Forecasts Annual Sales Revenues for Networked Cameras and Smart Video Doorbells Will Be More Than $3.8 Billion By 2027

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May 02, 2023, 08:54 ET

Executive research conference brings tech leaders to Dallas to address consumer technology market

DALLAS, May 2, 2023 /PRNewswire/ -- Parks Associates research, including quarterly consumer surveys, indicates networked cameras and smart video doorbells will continue steady growth due to persistent popularity and clear security use cases. Each device category reached 17% adoption among US internet households at the end of 2022, and combined, they will exceed $3.8 billion in sales revenue by 2027.

Parks Associates: Smart Video Doorbells and Cameras - Adoption Among US Internet Households

The international research firm will host the 27th annual CONNECTIONS™: The Premier Connected Home Conference, May 23-25 at the Omni Frisco Hotel, to examine the revenue opportunities and integration challenges in the diverse markets comprising the connected home ecosystem. Parks Associates finds 7% of US internet households have solar power generation, 41% have a smart home device, 55% have a smart TV, 51% have a smart speaker, and 25% have professional monitored security services.

CONNECTIONS™ features keynote speakers from Samsung SmartThings, Electronic Caregiver, Rapid Response Monitoring, Duke Energy Corporation, and Comcast. Sponsors include Calix, Cox Communities, Nice, Ubiety Technologies, Alarm.com, Bitdefender, Connectivity Standards Alliance (CSA), Johnson Controls, Origin, Rapid Response Monitoring, Cooktop Safety, iolo, Kwikset, Schneider Electric, Xailient, Gadgeon, Ivani, Midea, Nimbio, and Becklar.

"Video devices continue to see sustained growth, even in a tough economy," said Jennifer Kent, VP, Research, Parks Associates. "Due to consumer interest and intense competition in the space, smart cameras are rapidly improving in quality and features, and their advanced AI features enable new use cases and revenue opportunities."

"We look forward to welcoming industry leaders from all areas of the connected home ecosystem," said Elizabeth Parks, President and CMO, Parks Associates. "There is incredible value in gathering all these leaders in one place, and we invite anyone interested to join us in Dallas."

CONNECTIONS™ is co-located with Connected Health Summit, with multiple crossover sessions addressing business model growth, interoperability, and demand for home services. Key industry speakers for CONNECTIONS™-exclusive sessions include:

Greg Baldauf, Director, Revenue Edge SmartLife Partnerships, Calix
Mark Benson, Head of SmartThings, Samsung SmartThings
Eugenia Blackstone, CMO, Iris Powered by Generali
Roger Clawson, Director Home Builder Division, SafeStreets USA
Jan Dawson, Senior Director, Research & Insights, Vivint
Jesse Fallick, VP, Product, Recurve
Preston Grutzmacher, Residential Business Leader, SALTO Systems
Morgan Hertel, VP, Technology and Innovation, Rapid Response Monitoring
Jerome Howard, COO, Culture Wireless
Lon Huber, SVP, Pricing & Customer Solutions Duke Energy Corporation
Advait Katarki, Manager, Product Line Sales & Business Development - EV Charging & Connected Solutions, Eaton
Abe Kinney, Senior Director, Product Management, Alarm.com
Rich Korthauer, SVP, Home and Distribution, Schneider Electric
Kevin Kraus, VP, Global Programs and Technology Alliances, Smart Residential Solutions, ASSA ABLOY Group
Michael Lee, CEO, Octopus Energy
Bob Marshall, Co-Founder & CEO, Whisker Labs
Geoff Martin, President & Co-Founder, vipHomeLink
Nathan Matney, Director, IoT Products, Keurig Dr. Pepper
Martin Milani, CEO, Sunverge Energy
Michelle Mindala-Freeman, EVP, Connectivity Standards Alliance
Benjamin Myers, National Sales Manager- RAS, Kwikset
Roel Peeters, Co-Founder and CEO, Roost
Brett Sobol, Head of Strategic Partnerships, Hippo Insurance
Jonathan Storino, VP, Elexa Consumer Products
Kenneth Wacks, President, Home, Building, and Utility Systems
Paul Wezner, Chief Product and Customer Officer, Powerley
Stefan Witkamp, Founder, Commercial Director, Athom, maker of Homey
Donald Young, EVP and COO, ADT

Registration is online, and press passes are available.

About CONNECTIONS™

CONNECTIONS™: The Premier Connected Home Conference features an in-person conference on May 23-25 and multiple virtual sessions hosted throughout 2023. www.connectionsconference.com

Rosey Sera
Parks Associates
972-996-0233
[email protected]

SOURCE Parks Associates