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Parks Associates: One in Four U.S. Broadband Households Intend to Purchase Smart Door LocksDALLAS, Feb. 21, 2019 /PRNewswire/ -- Research from Parks Associates' latest market assessment, Smart Door Lock Market Assessment, finds that one in four U.S. broadband households intend to purchase a smart door lock in the next 12 months. These intentions will expand the demographics of product owners over the next several years into more early mass-market segments, including households with moderate incomes and smaller homes. "Market dynamics are setting up the smart door lock market for growth," said Denise Ernst, Vice President, Parks Associates. "In addition to security, smart locks provide peace of mind and convenience thru access control and notifications of use. These smart home solutions can also expand their capabilities by integrating with smart speakers with voice assistants, adding to the positive user experience." Big players Schlage, Yale, and Kwikset dominate market share, but new entrants and smaller players such as Latch, LockState, and Hampton's Array Door Lock can gain traction by creating a better user experience and added benefits and expanding compatibility with additional devices and providers. Many partnership opportunities exist in new construction and rental properties. "Many innovative builders are starting to include built-in smart home solutions in their models," Ernst said. "mart door locks are an easy and obvious addition to new homes and multifamily constructions, so partnerships with homebuilders and real-estate developers will have significant implications in broadening the user base." Smart Door Lock Market Assessment provides a comprehensive analysis of a single smart door lock market. It addresses drivers of market growth, key players in the smart door lock market, consumer purchasing decisions, user experience, and new purchase models. Additional research includes:
For more information about Smart Door Lock Market Assessment, contact [email protected]. To schedule an interview with an analyst or to request specific research data, please contact Julia Homier at [email protected], 972-996-0202. About Parks Associates The company's expertise includes digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security. Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, Connected Health Summit: Engaging Consumers, Smart Energy Summit: Engaging the Consumer, and Future of Video: OTT, Pay TV, and Digital Media. http://www.parksassociates.com Media Contact: View original content to download multimedia:http://www.prnewswire.com/news-releases/parks-associates-one-in-four-us-broadband-households-intend-to-purchase-smart-door-locks-300799459.html SOURCE Parks Associates |