Parks Associates: More than Three-fourths of U.S. Broadband Households Use Wi-Fi for In-home Connectivity

New research examines smart home products and services, home security, smart energy, and Wi-Fi hotspots in U.S. and Canada

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Parks Associates

May 31, 2017, 08:40 ET

DALLAS, May 31, 2017 /PRNewswire/ -- International research firm Parks Associates today announced new IoT research deliverables on home security, smart energy, Wi-Fi hotspots, and connected living in Canada. The research on the U.S. and Canada examines the demand for smart home products and services and the impact across multiple verticals, including home energy and security, connected entertainment, smart home, and other IoT solutions.

Parks Associates: Home Networking Method Used to Access Internet in the Home

"Consumers already use lots of data on their mobile, smart home, and entertainment devices, and Wi-Fi is doing most of the work in the home, accounting for more than 70% of data used per month in U.S. broadband households," said Harry Wang, Senior Director of Research, Parks Associates. "Consumer data needs will continue to increase, both in and outside the home, as between 2015 and 2020, U.S. households will acquire more than 2.3 billion connected devices. Providers and manufacturers must ensure their offerings can deliver a positive user experience despite these increasing demands—and that they are positioned to leverage new revenue opportunities emerging from the connected home."

According to Parks Associates' IoT research:

Roughly 50% of U.S. broadband households are willing to share data from smart devices for discounts on electricity, and 40% are willing to share data to update and improve their products.
More than 75% of U.S. broadband households use Wi-Fi for connectivity in the home and 50% report using 3G/4G services.
40% of broadband households in Canada use a personal assistant device or app.

Newly released industry research available for purchase includes:

Wi-Fi Hotspots: Global Outlook reviews consumer use of Wi-Fi and analyzes the public Wi-Fi hotspot market from the perspectives of Wi-Fi service providers and enterprise customers that deploy public Wi-Fi to serve consumers. It also examines the entry of Wi-Fi-first mobile service providers and the potential impact on mobile operators' business. The report also profiles new Wi-Fi standards and their potential competitors and includes a global forecast of revenues from public Wi-Fi hotspot services targeting both consumers and business customers.

Connected Consumers in Canada explores awareness, demand, and adoption for connected entertainment, smart home, energy management, and other IoT solutions with analysis of a nationwide consumer survey. The research compares 2017 results to data from past surveys to identify trends and changing attitudes among Canadian connected consumers.

Smart Home-Utility Partnership Opportunities analyzes the competitive landscape for distributed generation and storage, highlighting the market advantages of electric utilities, retail electricity providers, and third-party vendors.

Home Security NUMBERS 2017 examines the home security landscape with forecast information and knowledge beyond toplines to detailed views of numbers and graphs. The research includes charts for households, broadband households, home security households, broadband and home security household penetration, net new home security households, and broadband household share of home security households.

For more information on Parks Associates research or events, visit www.parksassociates.com, or contact [email protected], 972-490-1113. To schedule an interview with an analyst or to request specific research data, please contact Holly Sprague at [email protected] or 720-987-6614.

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. http://www.parksassociates.com

Holly Sprague
Parks Associates
720.987.6614
[email protected]

SOURCE Parks Associates