+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Breaking Smart Home Barriers: Why Consumers Don't Buy

  • PDF Icon

    Report

  • 30 Pages
  • April 2021
  • Region: United States
  • Parks Associates
  • ID: 5323324

Despite the proliferation of smart home devices and services, as well as escalating promotion, adoption of smart home products has remained flat in most product categories. Manufacturers and service providers are eager to understand what they must do to make significant gains in sales and revenue. This in-depth research on market barriers mines consumer fears and presents strategies for addressing or alleviating their concerns in order to expand into the mass market. This report analyzes factors that contribute to winning companies’ success and projects how current trends may shape future adoption.


Table of Contents


Bottom lineSmart Home DevicesSmart Product Adoption Trends
1.0 Poor Value Perceptions
1.1 Market Activity Driving Poor Value Perception
1.2 Solutions
  • Wyze
  • Yi Home/ Kami
  • Google Nest
  • Eufy
  • Blink
2.0 Security and Privacy Concerns
2.1 Market Activity Driving Security and Privacy Concerns
2.2 Solutions
  • CUJO AI Security
  • Firedome
  • ioXt
  • UL
3.0 Technical Issues
3.1 Market Activity Driving Concerns about Technical Issues
3.2 Solutions
  • Amazon (Certified for Humans)
  • TechSee (TechSee Live Solution)
  • Veego
Implications and RecommendationsAppendixCitationsAttribution

Companies Mentioned

  • Amazon (Certified for Humans)
  • Blink
  • CUJO AI Security 
  • Eufy
  • Firedome
  • Google Nest
  • ioXt
  • TechSee (TechSee Live Solution)
  • UL
  • Veego
  • Wyze 
  • Yi Home/ Kami