Parks Estimates 2.5 Million Homes in Western Europe Will Have Smart Home Controller by 2019
Parks Associates estimates 2.5 million homes in Western Europe will have a smart home controller by 2019, it said in a Monday announcement trumpeting the appearance of its president, Stuart Sikes, at the Smart Home Summit, which opens Tuesday in…
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London for two days. "Smart home systems will need the flexibility to deliver multiple value propositions within the household," Sikes said in a statement. "Interoperability is necessary to achieve recurring revenue models as it enables devices to deliver a broad array of value-added services and features." Low consumer awareness and “lack of a concise value proposition” are two of the “key challenges” impeding the progress of the smart home, Sikes said: “The industry will overcome low awareness over time, thanks to the entry of high-profile players in the consumer IoT ecosystem, but to create value on a mass-market scale, smart home solutions must be able to integrate multiple features."