At CEDIA 2017 CEDIA and Home Advisors partnered to present the results of a recent member survey on the Smart Home market that the two parties collaborated on recently. The results were interesting although not particularly surprising or earth shattering.
Statistics
Uh-Oh, Data Shows TVs are Disappearing From Homes
For years now, the single greatest driving force behind the entire consumer electronics industry has been the vibrant, forceful growth in sales of television sets. Now, in a surprising new report, we learn that American consumers are beginning to wean themselves off of TVs. What that means for integrators, or for the industry, remains to be seen.
See more on this surprising new report on the decline of TVs in America… [Read more…] about Uh-Oh, Data Shows TVs are Disappearing From Homes
New Study Shows Surprising Resilience of Retail Shopping
In a newly released study of consumer shopping trends, which like many others is very favorable to online shopping, analysts are discovering surprising data favoring brick-and-mortar retailers. Even more surprising, the study results indicate a resurgence in a preference to buy goods in brick-and-mortar retail by younger shoppers. This shocking result runs counter to other studies and has caught some analysts by surprise.
See the surprising results of this new study on retail shopping preferences… [Read more…] about New Study Shows Surprising Resilience of Retail Shopping
Teens & Affluents Struggle with Addiction to Tech
New research from GfK indicates that more than 1 out of every 3 people in the U.S., as well as in seventeen other countries around the world, struggle with addiction to technology. This is especially true with a young demographic segment like teens, but also with the upper income group.
See more on this research about technology addiction… [Read more…] about Teens & Affluents Struggle with Addiction to Tech
CES 2018 to Feature Smart City Technology
The Consumer Technology Association (CTA) announced this week that at its upcoming Consumer Electronics Show (CES) in January 2018 in Las Vegas, there will be a new area of focus on Smart City technologies. The group plans both a dedicated display space featuring the technologies of Smart Cities, as well as a full schedule of related conference programming.
See more on this new area of technology at CES… [Read more…] about CES 2018 to Feature Smart City Technology
Voice-Enabled Device Usage Will Grow Nearly 130% This Year
Momentum continues to build for voice-enabled devices like Amazon Echo and Google Home products, according to new data and forecast from eMarketer. Usage rates also appear to be increasing for the broader category of virtual assistants, such as Apple’s Siri, Amazon’s Alexa, Google’s Now and Microsoft’s Cortana.
See more on this all-new data on voice-enabled and virtual assistant market… [Read more…] about Voice-Enabled Device Usage Will Grow Nearly 130% This Year
Help CEDIA to Help You
One of the greatest challenges for those of us in the residential technology business is the surprising lack of real hard data on the market. Now, you can do something about that. By participating in the 2017 CEDIA Size and Scope of the Residential Electronic Systems Market survey, you help the organization collect the data that will give you a better understanding of your market…a true win-win.
See more about helping CEDIA to help you… [Read more…] about Help CEDIA to Help You
More Consumers Prefer to Watch TV Shows on Computers, Than on TVs
The TV Set is Losing Its Position as Top Entertainment Device
In an amazingly swift, one-year shift in consumer preferences, a new survey says that most consumers would rather watch TV programming on a computer than on a TV. Just one year ago, the same survey produced the exact opposite result. Although the number of consumers watching TV content on computers has been increasing over the years, this is the first time that computers were picked by a substantial majority.
See more on this new and surprising consumer data… [Read more…] about More Consumers Prefer to Watch TV Shows on Computers, Than on TVs
New Data on Smart Home Market is Wildly Bullish
New research results released this week on the smart home market were wildly bullish on the recent impressive growth of the segment, as well as the continuing prospects for growth in the future. The survey, sponsored by PlumChoice, Inc (a technical services provider for IoT and cloud brands) and the Z-Wave Alliance (a consortium of companies promoting Z-Wave wireless technologies), offers a deeper view of the market’s momentum with some surprisingly positive results.
See more from this new research on the smart home market… [Read more…] about New Data on Smart Home Market is Wildly Bullish
Existing Home Sales Hit 10-Year High
In new data released on Wednesday by the National Association of Realtors, existing home sales launched into 2017 with a 3.3% overall gain to a seasonally adjusted annual rate of 5.69 million units in January – their highest level in ten years. The organization says this result “signals resilience among consumers even in a rising interest rate environment.”
