Parks Associates reports increased broadband competition

Following the in-person CONNECTIONS™ Conference in May, Parks Associates continues the conversation on June 13, 1 pm CT, with the virtual session “Home Services: Familiarity, Affordability, and Value,” featuring leaders from ADT, Tractive, Alarm.com, Boost Labs, and Wyze. Parks Associates research finds 45% of US internet households have at least one smart home device.

The firm also reports 106.3 million US households had home internet service at the end of 2023, but the firm’s recently launched service Broadband Market Tracker notes recent changes to the FCC’s definition of broadband could mean over one in five US home internet households would no longer qualify as receiving high-speed service.

“The proliferation of connected devices in the home puts pressure on service providers to deliver the necessary network infrastructure as well as higher speeds to ensure positive experiences with these products,” said Kristen Hanich, Director, Research, Parks Associates. “Almost half of consumers report having issues with connectivity in the home, including extensive issues with Wi-Fi, devices working together, and optimization of the network. New services can enable the next phase of growth by supporting the continued adoption and usage of connected devices in the home.”

The firm’s Broadband Market Tracker is also tracking the growing consolidation of home internet and mobile services. In Q1 2024, adoption of fixed wireless access (FWA) through a mobile network operator (MNO) increased to 7.8 million US residential home internet connections. At the same time, adoption of mobile virtual network operator (MVNO) services from ISPs reached over 15 million residential customer mobile lines.

“Home Services: Familiarity, Affordability, and Value,” moderated by Jennifer Kent, VP, Research, Parks Associates, brings together industry leaders to share the vision and reality of connected home services, including safety and security, energy management, and connectivity and Wi-Fi solutions. The session includes a visionary keynote from Carrie Small, Senior Director of Monitoring Product & Engineering, ADT, followed by a panel discussion with the following speakers:

• Andrew Bleiman, EVP, North America, Tractive
• Dan Goodman, CEO and Founder, Building36, an Alarm.com company
• Roel Peeters, Co-Founder and CEO, Boost Labs
• Jing Xue, Senior Director of Product Management, Wyze

CONNECTIONS™ sponsors include Cox Communities; Nice; Cardinal Peak, an FPT Software Company; Ivani; Kaadas Smart Locks; Kwikset; Rapid Response Monitoring; SkyBell; Ubiety Technologies; Alarm.com; Shelly; SmartThings; Becklar; Schlage; Calix; Johnson Controls; bluesalve partners; Midea America; Cognitive Systems; RSPNDR; Savant; Trident IoT; Xailient; Affiliated Monitoring; Moen; Origin; VectorSolv; and the Z-Wave Alliance. PR Newswire