Parks Associates Forecasts Annual Sales Revenues for Networked Cameras and Smart Video Doorbells Will Be More Than $3.8 Billion By 2027
Executive research conference brings tech leaders to Dallas to address consumer technology market
DALLAS, May 2, 2023 /PRNewswire/ -- Parks Associates research, including quarterly consumer surveys, indicates networked cameras and smart video doorbells will continue steady growth due to persistent popularity and clear security use cases. Each device category reached 17% adoption among US internet households at the end of 2022, and combined, they will exceed $3.8 billion in sales revenue by 2027.
The international research firm will host the 27th annual CONNECTIONS™: The Premier Connected Home Conference, May 23-25 at the Omni Frisco Hotel, to examine the revenue opportunities and integration challenges in the diverse markets comprising the connected home ecosystem. Parks Associates finds 7% of US internet households have solar power generation, 41% have a smart home device, 55% have a smart TV, 51% have a smart speaker, and 25% have professional monitored security services.
CONNECTIONS™ features keynote speakers from Samsung SmartThings, Electronic Caregiver, Rapid Response Monitoring, Duke Energy Corporation, and Comcast. Sponsors include Calix, Cox Communities, Nice, Ubiety Technologies, Alarm.com, Bitdefender, Connectivity Standards Alliance (CSA), Johnson Controls, Origin, Rapid Response Monitoring, Cooktop Safety, iolo, Kwikset, Schneider Electric, Xailient, Gadgeon, Ivani, Midea, Nimbio, and Becklar.
"Video devices continue to see sustained growth, even in a tough economy," said Jennifer Kent, VP, Research, Parks Associates. "Due to consumerinterest and intense competition in the space, smart cameras are rapidly improving in quality and features, and their advanced AI features enable new use cases and revenue opportunities."
"We look forward to welcoming industry leaders from all areas of the connected home ecosystem," said Elizabeth Parks, President and CMO, Parks Associates. "There is incredible value in gathering all these leaders in one place, and we invite anyone interested to join us in Dallas."
CONNECTIONS™ is co-located with Connected Health Summit, with multiple crossover sessions addressing business model growth, interoperability, and demand for home services. Key industry speakers for CONNECTIONS™-exclusive sessions include:
CONNECTIONS™: The Premier Connected Home Conference features an in-person conference on May 23-25 and multiple virtual sessions hosted throughout 2023. www.connectionsconference.com
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SOURCE Parks Associates
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