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Market Research Report

Smart Home: Multidwelling Unit Opportunities

Published by Parks Associates Product code 806161
Published Content info 49 Pages
Delivery time: 1-2 business days
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Smart Home: Multidwelling Unit Opportunities
Published: August 15, 2019 Content info: 49 Pages
Description

SYNOPSIS:

Smart home devices and related services can drive higher revenue by increasing occupancy and rental rates and a reduction in operational costs through reduced maintenance, reduced staffing, enhanced monitoring capabilities, and improved energy efficiency. This report examines the opportunities for integration of smart devices in multi-dwelling units, including profiles of companies driving the market, current adoption of smart home devices, and key feature preferences among residents and property managers of multifamily housing units.

ANALYST INSIGHT:

“Implementing smart home devices in the MDU space creates unique challenges that must be addressed in order to obtain net positive results from the investment. Some key areas that present challenges include integration, security and privacy, technical support, and Wi-Fi connectivity,” said Patrice Samuels, Senior Analyst, Parks Associates.

Table of Contents

Table of Contents

1.0. Report Summary

  • 1.1. Purpose of Report
  • 1.2. Key Questions Addressed by this Research
  • 1.3. Research Approach/Sources

2.0. State of the Market

  • 2.1. The MDU Resident and the Smart Home

3.0. Business Model Strategies

  • 3.1. Targets
  • 3.2. Product Offering for Property Managers
  • 3.3. Key Market Player Offering
  • 3.4. Opportunities

4.0. Market Offering and Opportunities for MDU Residents

5.0. Market Challenges

  • 5.1. Integration
  • 5.2. Security and Privacy Issues
  • 5.3. New Technical Support Needs
  • 5.4. Challenges with Wi-Fi

6.0. Forecast

  • 6.1. Forecast Methodology
  • 6.2. Forecast

7.0. Implications and Recommendations

8.0. Appendix

  • 8.1. Glossary
  • 8.2. Index
  • 8.3. Image Sources

Figures

  • US Broadband Households by Building Type
  • Multi-family Consumer Spending by US City (2016 -- 201*)
  • Smart Home Device Ownership by Type of Residence (Q4/18)
  • Familiarity with Top Five Smart Home Devices (Q4/18)
  • Smart Home Device Purchase Intention by Type of Residence (Q4/18)
  • Smart Home Device Features for Property Managers
  • High Importance of Having Smart Home Device Installed in House by Demographics
  • MDU Resident: Willingness to Pay More for Smart Home (Q4/18)
  • Company Offerings - MDU Smart Home Solutions
  • Smart Home Device Features for MDU Residents
  • Company Offerings - MDU Smart Home Solutions
  • Smart Thermostat - Highly Important Product Capabilities by MDU Ownership (Q4/18)
  • Smart Lighting - Highly Important Product Capabilities by MDU Ownership (Q4/18)
  • Smart Speaker - Highly Important Product Capabilities by MDU Ownership (Q4/18)
  • Smart Home Devices: Problems Setting Up Device (2016 - 2019
  • Smart Home Devices: Types of Problems Experienced (Q2/2019)
  • Network Monitoring Providers - Premium Smart Home Support Services
  • Forecast Methodology MDU Adoption of Smart Home Devices
  • US MDU Households Smart Home Device Adoption
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