Healthcare And Insurance Industries Included In Top Smart Home Trends Addressed At CONNECTIONS 2019 Conference
Over 600 executives came together for the 23rd annual CONNECTIONS: The Premier Connected Home Conference. It was hosted by Parks Associates, an IoT research company. The analysts present highlighted some key points in the rise of connected homes sector. The connected market is also growing at a good rate. As of now, about 40% of the broadband homes in the US have at least one connected health gadget. It can impact others, such as insurance companies and builders and promote partnerships between the brands. It has also become common for most connected homes to have multiple devices.
Increased targeting of property managers for apartments, student housing, assisted living and others represents a chance to sell devices by the thousands rather than to individual consumers.
As much as 45% of home buyers would prefer a home with smart devices than one without. Home control systems are becoming more common. Self installed security systems create new use of monitoring and reduce security cost. To promote this, companies could consider shifting to a new business model, adding RMR-generating opportunities on side services. It has also been understood that more than 50% of users would prefer to buy a stand-alone security device than a professionally monitored one.
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