Parks Associates Highlights IoT Strategies for Recurring Revenue and Future for Connected Consumers at 21st Annual CONNECTIONS™ Conference

Recurring revenues from smart home controllers will exceed $1 billion by 2021

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May 16, 2017, 08:40 ET

DALLAS, May 16, 2017 /PRNewswire/ -- Parks Associates will highlight new distribution strategies for smart home and connected entertainment solutions, including insights from Nest Labs, Honeywell, Verizon, ADT, Nortek, and other industry leaders at CONNECTIONS™: The Premier Connected Home Conference, May 23-25, at the Hyatt Regency San Francisco Airport. The research firm forecasts nearly 38 million U.S. households will have a smart home controller by 2021, generating over $1.2 billion in recurring service revenue.

"The smart home is forcing convergence of traditionally separate industries, creating new competition and opportunities for partnerships," said Tom Kerber, Director of IoT Strategy, Parks Associates. "At CONNECTIONS™, the diversity of speakers is a reflection of the convergence in the smart home. Attendees will hear perspectives from all angles and verticals and gain an understanding of how market and technology convergence is shaping the future."

The 21^st annual CONNECTIONS™: The Premier Connected Home Conference focuses on ways to engage consumers and grow revenues in the converging IoT industries, including smart home, connected entertainment, and mobile ecosystems.

The opening session on May 23 at 3:30 pm, "The Future for the Connected Consumer," addresses consumer awareness and familiarity regarding connected products as well as the value they assign to each value proposition.

Following this session, Sridhar Solur, SVP, Product & Development for Xfinity Home, Internet of Things, and Data Services, Comcast, will provide the opening keynote "Humanizing Connected Home Experiences: Using Machine Learning and Voice Control." Then the session "OTT Video Services: Entertainment for a New Generation" will address the disruption in the traditional TV markets created by over-the-top content and services.

Session speakers on May 23 include the following:

Fredrik Andersson, Co-founder & SVP Strategy and Business Development, Accedo
Dan DiClerico, Smart Home Advisor, HomeAdvisor
William Greene, Product Manager, Energy Services, Nest Labs
Scott Harkins, VP IoT Partner Programs Honeywell Connected Home & Buildings, Honeywell
Martin Heckmann, Director, Emerging Business, Chamberlain Group
Darren Lepke, Marketing Director, Verizon Digital Media Services
Arlen Marmel, GM, VRV, Ellation
Matt McGovren, VP, Marketing and Partnerships, Wink

"As the OTT video service market continues to evolve and competition increases, we will see a shift from distribution challenges to customer management challenges," said Fredrik Andersson, Co-founder & SVP Strategy and Business Development, Accedo. "I look forward to exploring this topic with my industry colleagues at the annual CONNECTIONS™ Conference, which is always a great event for discussing future opportunities and challenges in our industry."

"Given the seismic shift the media business is undergoing, the CONNECTIONS™ conference and specifically the OTT Video Services panel represent an outstanding opportunity to mine some of these trends and better understand how distribution, consumption, and engagement are evolving," said Arlen Marmel, General Manager, VRV, Ellation.

"For the smart home to evolve from nicety to necessity, a paradigm shift in how the industry articulates the benefits to consumers has to occur," said Matt McGovren, VP of Marketing and Partnerships, Wink. "CONNECTIONS™ brings together a critical mass of industry thought leaders, and I look forward to discussing how we can collectively bring the smart home into the mainstream."

To register, visit http://bit.ly/CONNUSregistration. Press passes are available at http://bit.ly/CONNmediapass. To schedule an interview or request research, contact Holly Sprague, [email protected], 720.987.6614.

About CONNECTIONS™

Parks Associates' CONNECTIONS™ is the premier connected home event hosting over 700 executives from the connected entertainment, IoT, and smart home industries. For information, contact [email protected], call 972-490-1113, and visit www.connectionsconference.com.

Media Contact:

Holly Sprague
Parks Associates
720-987-6614
[email protected]

SOURCE Parks Associates