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Parks Associates' Connected Health Summit highlights opportunities for healthcare and smart home providers to bring solutions and new experiences to consumers 
DALLAS, June 17, 2022 /PRNewswire/ -- Parks Associates hosted the Connected Health Summit session " Smart Home and Health: Modern Living " on Thursday, June 16, to discuss new solutions and services from health and smart home providers. The ninth annual Connected Health Summit , sponsored by ADT Medical Alert, Alarm.com, EarlySense, Johnson Controls, Rapid Response Monitoring, and Independa, addresses the role of technology in improving indoor air quality and the value of platforms and service-based technologies enabling predictive and proactive monitoring to support independent living. Parks Associates: Specific IAQ Concerns
"Indoor air quality (IAQ) specifically impacts consumer health, with 47% of US internet households reporting an IAQ-sensitive health condition. The pandemic highlighted health risks in air quality for many consumers, increasing interest in smart products that can measure and deliver a healthy, clean environment," said Elizabeth Parks , President and CMO, Parks Associates. "We've also seen family caregivers increasingly turn towards technology, especially monitoring services, in providing care for their loved one. Compared to 2020, family caregivers are several times more likely to report taking a tested action to care for their loved one, including purchasing solutions to monitor health or buying a communications tool such as a smart display." To join the conversation, visit www.connectedhealthsummit.com . To request data or an interview, contact Rosey Sera, [email protected] , 972-490-1113. About Connected Health Summit
Connected Health Summit: Consumer Engagement and Innovation is a virtual executive conference focused on the impact of connected devices and IoT healthcare solutions on consumers at home. Connected Health Summit provides insights on new business models, IoT technologies, consumer behaviors, and deployments relevant to consumer healthcare solutions. The conference addresses opportunities for new solutions, including smart home platforms, on-demand services, voice assistants, and wearables, to empower consumers, caregivers, and providers and to meet the growing demand for services in independent living, chronic care management, remote access to care, and wellness and fitness. www.connectedhealthsummit.com
Rosey Sera

08:48 EDT
More Than 55 million Households Are Interested in a Product That Removes Dust/Allergens and Purifies the Air, Accordin...

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New whitepaper developed in partnership with PassiveBolt addresses IoT edge solutions in smart spaces
DALLAS , June 9, 2022 /PRNewswire/ -- Today Parks Associates released the whitepaper Simplifying the IoT Edge: Smart Spaces Best Practices , which addresses the demand, growth, and new business opportunities in IoT edge solutions in apartments and MDUs, retail and warehousing, and hospitality and building management. The research, developed in partnership with PassiveBolt, highlights the rise in demand for secured smart spaces, the growing ecosystem of competitors, and the need for manufacturers to develop partnerships with suppliers who can help them adapt quickly to new opportunities. Parks Associates
"The majority of residential door locks installed in the US are mechanical, but an increasing number of exterior locks are being replaced with smart door locks," said Jennifer Kent , Vice President, Research, Parks Associates. "As connectivity becomes a de facto requirement to stay competitive, value creation moves to new sets of features and applications. Manufacturers must engage in constant innovation and explore new strategies to take products to market quickly." The whitepaper reveals that smart door locks and associated whole-building access control systems have fueled the recent acceleration in smart apartment adoption—15% of multi-dwelling unit (MDU) owners/operators report having a secure access system in common areas that include IoT devices they can access and control remotely. A similar percentage have connected access solutions for individual units. One-third of MDU property managers report that their residents are demanding the ability to enable remote access to apartment units. Whether established market leaders or start-ups, smart access control product and system manufacturers are under constant pressure to keep innovating. Product lifecycles for smart products – which demand software updates, new connectivity standards, sensor integration, and cybersecurity patches – are dramatically shorter than traditional, unconnected or locally networked solutions. Manufacturers must be more agile, respond faster to changing market conditions, and get new features to consumers faster than the organization may be able to move. "Feature innovations, such as biometric verification, integrated video cameras, voice control via smart speakers, and integration with home delivery services, just keep coming," Kent said. "Manufacturers try to keep up, but the fragmented nature of the space and the lack of a mature supply chain may be depressing this market's ability to scale." Kabir Maiga, Co-Founder of PassiveBolt, suggests a Tier-1 market structure, a model long utilized in the automotive and other mature industries, can fuel industry growth. "A Tier-1 supply structure can result in more effective R&D, rapid pivots to adapt to changing market conditions, and easier integrations across the smart home and IoT spaces." Smart access companies are constantly looking for incremental innovation, progress, and technology development that make products better year over year. Suppliers have an opportunity to better serve manufacturers by operating on a Tier-1 structure, which could provide a more systematic and cost efficient approach for the development and release of the next generation of products. About Parks Associates
Parks Associates, a woman-owned and woman-led internationally recognized market research and consulting company, specializes in emerging technology solutions serving the consumer and small to medium business (SMB) markets. Celebrating its 35th year in 2021, Parks Associates is a partner to companies navigating the changing consumer technology landscapes through data-driven market insights, extensive consumer and industry intelligence, custom marketing services, and executive networking experiences and conferences. http://www.parksassociates.com
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10:58 EDT
Parks Associates: Over 12 Million US Internet Households Own a Smart Door Lock

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Industry webinar features discussion with Cox Communities on market for MDU smart apartment deployments
DALLAS, May 25, 2022 /PRNewswire/ -- Parks Associates research finds that among prospective MDU (multi-dwelling unit) tenants, 65% look to preinstalled smart home devices as a key amenity. The research firm, in partnership with Cox Communities, is hosting the industry webinar "Planning and Partnerships in Smart Apartment Deployments" on Thursday, May 26, at 11 am CT US (12 pm ET) to discuss the rapid growth for MDU smart deployments, where 96% of smart home deployments were made fewer than five years ago. Parks Associates: Business Impacts of Installing Smart Devices in MDUs
"The smart home MDU market is intensifying, with remote work among tenants and staff shortages among MDUs creating unique drivers for these types of deployments," said Kristen Hanich , Director, Research, Parks Associates. "Expectations among prospective MDU residents have shifted so that Wi-Fi is now a standard amenity, with many now expanding their demands to include smart home solutions. We look forward to discussing the trends driving the smart home MDU market, plus the new revenue potential, lessons learned with recent deployments, and best practices when working in the built environment versus new construction." In this webinar, industry experts share Parks Associates' latest consumer and property manager and building owner research, explore the benefits and challenges when deploying these technologies, and discuss the unique needs of MDU owners/managers and their expectations with smart apartment deployments. Featured speakers:
Guillermo Rivas , VP of New Business Development, Cox Communities
"Automation solutions are a big deal to folks when they move," said Vickie Rodgers, VP and GM, Cox Communities. "So what are they looking for when they move? They want it to be easy. They want things to be pre-enabled, so they don't have the hassle and wait. And it's starting to become table stakes for renters." Topics:
Benefits of smart solutions and Wi-Fi technologies for residents and property owners
Common pain points, including integration, network structures, and vendor relationships, and unique needs within the MDU space
Best practices for evaluating technology and vendors/partners
Parks Associates recently released the whitepaper Doing IoT Right: Top Practices for Multi-Dwelling Units , developed in partnership with Cox Communities, which addresses the growing demand for exceptional connectivity in MDUs. Download the complimentary paper at https://www.parksassociates.com/whitepapers/mdu-may2022 . Industry and media are invited to attend. Register at https://www.parksassociates.com/cox-may2022 . To request data or an interview, contact Rosey Sera at [email protected] , 972.996.0233. About Parks Associates
Parks Associates, a woman-owned and woman-led internationally recognized market research and consulting company, specializes in emerging technology solutions serving consumers and small to medium business (SMB) markets. Celebrating its 35th year in 2021, Parks Associates is a partner to companies navigating the changing consumer technology landscapes through data-driven market insights, extensive consumer and industry intelligence, custom marketing services, executive networking experiences, and conferences. The company's expertise includes home automation, control systems and security, digital media and platforms, entertainment and gaming, home networks, internet and video services, connected health and independent living solutions, mobile applications and services, support services, consumer electronics, and energy management solutions. Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, Connected Health Summit, Smart Energy Summit: Engaging the Consumer, and Future of Video: OTT, Pay TV, and Digital Media. http://www.parksassociates.com
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08:29 EDT
Parks Associates: Almost Two-Thirds of Prospective MDU Tenants Look to Preinstalled Smart Devices as a Key Amenity Whe...

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New whitepaper developed in partnership with Technicolor addresses IoT edge solutions in smart spaces
DALLAS , May 19, 2022 /PRNewswire/ --  Today Parks Associates released a new white paper, Simplifying the IoT Edge: Smart Spaces Best Practices , that addresses the demand, growth, and use cases of IoT edge solutions in smart buildings including apartments and MDUs, retail and warehousing, and hospitality and building management. The research, developed in partnership with Technicolor, shows that over one third of US multi-dwelling unit (MDU) property managers report offering Internet of Things or smart home devices to residents in at least one property that they manage. "Parks Associates defines 'smart spaces' as physical locations, equipped with networked devices and sensor-based solutions, that give individuals data about the location's parameters and how the space is being used," said Kristen Hanich , Research Director, Connectivity, Parks Associates. "Smart spaces have a strong overlap with smart home, industrial IoT, and Industry 4.0, making use of the same concept of networked sensors feeding into larger data platforms." The growing smart apartment space presents a unique area for IoT technology deployments, with specific benefits and challenges. Smart apartments feature smart amenities for residents, community management solutions, and building automation solutions. Parks Associates' consumer surveys find that internet access is a top amenity for MDU residents, while smart home device offerings are emerging as a key differentiator for properties. Almost two-thirds of prospective MDU residents report that pre-installation of smart home devices is an important factor when selecting their new apartment. "The property management industry is in a unique position to take the integration of consumers' physical and digital lives to the next level. Apartments, condos and other MDUs that offer IoT-based services are creating new value propositions that will transform the entire sector. By redefining how people interact with their most intimate environments, property managers will also influence how IoT-enabled experiences are extended to other critical settings -- including workplaces and public spaces," said Girish Naganathan, CTO for Technicolor Connected Home. "As a leading provider of connected devices and software for the home, Technicolor Connected Home deeply understands the opportunity presented by the promise of IoT. We are working closely with property management companies and cloud platform providers to develop, deploy and integrate next-generation technologies into the living spaces of consumers in a safe, secure and sustainable manner," he added. "Technology investments are costly and need to last for many years. However, the pace of technological innovation is constantly increasing, and innovations happen frequently. For companies to gain the full benefit of investment into smart spaces technologies, as well as the advantage of being able to deploy new and innovative technological solutions, IoT deployments must be as future-proof as possible," Hanich said. To download the white paper, click here . To request data or an interview, please contact Rosey Sera at [email protected] , 972.996.0233. About Parks Associates
Parks Associates, a woman-owned and woman-led internationally recognized market research and consulting company, specializes in emerging technology solutions serving the consumer and small to medium business (SMB) markets. Celebrating its 35th year in 2021, Parks Associates is a partner to companies navigating the changing consumer technology landscapes through data-driven market insights, extensive consumer and industry intelligence, custom marketing services, and executive networking experiences and conferences. http://www.parksassociates.com
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08:39 EDT
Parks Associates: 34% of MDU Property Managers Offer IoT Devices in at Least One Property They Manage

New whitepaper developed in partnership with Technicolor addresses IoT edge solutions in smart spaces. #pressrelease

Parks Associates report shows 34% MDU property managers offer IoT devices

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