Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Parks Associates: U.S. Consumers Will Buy More Than 485 Million Connected Devices in 2021
    Top Stories

    Parks Associates: U.S. Consumers Will Buy More Than 485 Million Connected Devices in 2021

    Published by Gbaf News

    Posted on May 23, 2018

    6 min read

    Last updated: January 21, 2026

    An illustration depicting the rise of shisha tobacco culture and its influence on social gatherings, cafes, and restaurants, highlighting its global market growth as discussed in the FMI study.
    Shisha tobacco culture growth and global impact on cafes and social gatherings - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Industry leaders converge to address expansion of new technologies and business models for the smart home

    Parks Associates released new research estimates today at CONNECTIONS™ that U.S. consumers will purchase more than 485 million connected consumer devices in 2021, including smart home, connected health, mobile, and connected entertainment products. By 2022, sales will exceed 520 million units.

    CONNECTIONS™: The Premier Connected Home Conference takes place this week in San Francisco, starting today with the pre-show workshop “Smart Home and IoT: The Next Big Sell,” followed by the session “Evolution of the Connected Consumer” and the opening keynote “The Impact of Artificial Intelligence on Consumer Electronics,” by Mark Spates, Product Lead for Smart Home, Google.

    The three-day conference focuses on strategies to expand the smart home ecosystem and drive consumer adoption. It will host more than 600 executives sharing insights on the connected home and features key speakers from Intel, Amazon, ADT, Logitech, T-Mobile, Comcast, and more.

    “The consumer IoT and smart home industries are approaching the goal of wider consumer adoption, thanks to interest in safety and security use cases and enthusiasm for voice-based control and interfaces,” said Elizabeth Parks, SVP, Parks Associates. “We look forward to discussing strategies at CONNECTIONS™ to reach this key inflection point.”

    “In many fields AI is still theoretical, with exciting potential for what might happen,” said Alex Capecelatro, CEO, Josh.ai. “In the smart home, however, it’s already here. I am excited to discuss on our panel ways in which we’re already implementing AI to solve problems and make the home a more comfortable space, as well as what’s right around the corner. From predictive analytics to natural and intuitive voice control, the smart home is a field that’s truly getting exciting in 2018.”

    “New IoT devices are constantly deployed to connected homes,” said Marcio Avillez, SVP of Business Development, CUJO AI. “Home users do not have much control over them. Most of them do not have any idea what their devices are doing on the network. Even worse: there is no easy way to tell if the device is used for malicious purposes. That’s the reason why home users do not implement appropriate security measures and leave their networks unprotected. It is crucial to give back the control to home users and security to home networks.”

    “Connection has to happen with purpose and concede to existing consumer behavior,” said Lisa Q. Fetterman, Nomiku CEO & Founder.

    “I’m thrilled to have the opportunity to speak at CONNECTIONS™ about the expansion of new technology, including smart homes and IoT, into the professionally monitored space to provide true collaboration between end users, monitoring centers, and law enforcement for safer communities,” Larry Folsom, President and CEO, I-View Now.

    The 2018 CONNECTIONS™ Conference will host more than 650 high-level executives in an intimate networking environment. The event includes a mix of market research, analysis, and industry insight designed to capture the complexity and opportunities in these interconnected markets.

    For information, visit www.connectionsus.com. To schedule an interview with an analyst or to request specific data, contact Julia Homier at julia.homier@parksassociates.com, 972-996-0214.

    Industry leaders converge to address expansion of new technologies and business models for the smart home

    Parks Associates released new research estimates today at CONNECTIONS™ that U.S. consumers will purchase more than 485 million connected consumer devices in 2021, including smart home, connected health, mobile, and connected entertainment products. By 2022, sales will exceed 520 million units.

    CONNECTIONS™: The Premier Connected Home Conference takes place this week in San Francisco, starting today with the pre-show workshop “Smart Home and IoT: The Next Big Sell,” followed by the session “Evolution of the Connected Consumer” and the opening keynote “The Impact of Artificial Intelligence on Consumer Electronics,” by Mark Spates, Product Lead for Smart Home, Google.

    The three-day conference focuses on strategies to expand the smart home ecosystem and drive consumer adoption. It will host more than 600 executives sharing insights on the connected home and features key speakers from Intel, Amazon, ADT, Logitech, T-Mobile, Comcast, and more.

    “The consumer IoT and smart home industries are approaching the goal of wider consumer adoption, thanks to interest in safety and security use cases and enthusiasm for voice-based control and interfaces,” said Elizabeth Parks, SVP, Parks Associates. “We look forward to discussing strategies at CONNECTIONS™ to reach this key inflection point.”

    “In many fields AI is still theoretical, with exciting potential for what might happen,” said Alex Capecelatro, CEO, Josh.ai. “In the smart home, however, it’s already here. I am excited to discuss on our panel ways in which we’re already implementing AI to solve problems and make the home a more comfortable space, as well as what’s right around the corner. From predictive analytics to natural and intuitive voice control, the smart home is a field that’s truly getting exciting in 2018.”

    “New IoT devices are constantly deployed to connected homes,” said Marcio Avillez, SVP of Business Development, CUJO AI. “Home users do not have much control over them. Most of them do not have any idea what their devices are doing on the network. Even worse: there is no easy way to tell if the device is used for malicious purposes. That’s the reason why home users do not implement appropriate security measures and leave their networks unprotected. It is crucial to give back the control to home users and security to home networks.”

    “Connection has to happen with purpose and concede to existing consumer behavior,” said Lisa Q. Fetterman, Nomiku CEO & Founder.

    “I’m thrilled to have the opportunity to speak at CONNECTIONS™ about the expansion of new technology, including smart homes and IoT, into the professionally monitored space to provide true collaboration between end users, monitoring centers, and law enforcement for safer communities,” Larry Folsom, President and CEO, I-View Now.

    The 2018 CONNECTIONS™ Conference will host more than 650 high-level executives in an intimate networking environment. The event includes a mix of market research, analysis, and industry insight designed to capture the complexity and opportunities in these interconnected markets.

    For information, visit www.connectionsus.com. To schedule an interview with an analyst or to request specific data, contact Julia Homier at julia.homier@parksassociates.com, 972-996-0214.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostWomen Freelancers Find Diverse Benefits in Digital Economy, but Payment Transaction Fee Barriers Remain
    Next Top Stories PostNew Frontier of Artificial Intelligence (AI) for Tech Industry Could Top $190 Billion By 2025