The April 4, 2023 report, authored by Jennifer Kent from Parks Associates, evaluates the drivers and market dynamics propelling the smart home industry forward, emphasizing strategies for enticing new buyers to adopt smart home technologies. The report delves into diverse use cases stemming from a wide array of existing solutions, encompassing areas such as aging-in-place solutions, energy management, insurance, and monitoring. The primary insight highlights the necessity for solution providers to adopt a comprehensive approach, offering varied solutions to customers while building trust and focusing on developing for emerging market segments within the smart home landscape.

Keywords: Access Controls, Artificial Intelligence (AI), Audio/Video, Communications, Connected/ EV Vehicles, Connected Home, Control & Monitoring Equipment/Sensors, Consumer Electronics, Cybersecurity/Privacy, Energy Efficiency/Management, HVAC & Indoor Air Quality (IAQ), Internet of Things (IoT), Mesh Networking, Processors/Semiconductors, Protocols/Standards, Training, Utilities