29 percent of US broadband homes own a smart home device

 - 
Friday, January 3, 2020

DALLAS—Approximately 29 percent of U.S. broadband households now own a smart home device, a 20 percent growth rate from one year ago, according to new research from Parks Associates based on its 4Q 2019 survey of 10,000 broadband households.

"Similar to CE devices, loss of wireless connectivity is the leading problem facing owners of smart home devices, followed by unresponsive devices," Parks Associates President Elizabeth Parks said in the announcement. "As market players look to expand beyond the established smart home devices like smart thermostats and networked cameras, the industry will have to address connectivity issues as well as privacy and data security concerns, which are top barriers for adoption of these products."

The international research firm will host the 15th annual CONNECTIONS Summit: Smart Home Business Models and Strategies, January 7 at CES 2020 in Las Vegas, sponsored by Alarm.com, AmTrust Specialty Risk, ARM, Bitdefender, Cirrent, Everise, Inspire, Irdeto, Sprosty Network, Zen Ecosystems and MMB Networks.

CONNECTIONS Summit addresses new technologies, deployment strategies, and consumer demand for wireless solutions that will drive the next stage of connected living. Sessions explore the latest privacy solutions and strategies among successful players to secure consumer data and communicate these efforts to their customers.

The Summit also includes a networking reception sponsored by Alarm.com on January 7, the opening day of CES.