Cardiff Bay Opera House

Parks Associates: Smart Smoke Detectors to Reach Nearly $1 billion in US Market by 2027

Retrieved on: 
Wednesday, March 20, 2024

DALLAS, March 20, 2024 /PRNewswire/ -- Parks Associates' newly released Smart Smoke and CO Detectors: Market Assessment 2024 reveals smart smoke/CO detectors generated $771 million in revenue in the US in 2023, with growth projected to reach $976 million in the US by 2027. The Market Assessment tracks consumer adoption and purchase trends, including product preferences, the buyer journey, and purchase channels. It includes forecasts for unit sales and revenues and special analysis on specific use cases, including senior care and insurance.

Key Points: 
  • DALLAS, March 20, 2024 /PRNewswire/ -- Parks Associates' newly released Smart Smoke and CO Detectors: Market Assessment 2024 reveals smart smoke/CO detectors generated $771 million in revenue in the US in 2023, with growth projected to reach $976 million in the US by 2027.
  • Smart Smoke and CO Detectors: Market Assessment 2024 identifies key and emerging players in the market for smart smoke and CO (carbon monoxide) detectors.
  • It follows additional research Parks Associates completed on the insurance and smart home device market, Insurance Opportunities in the Smart Home .
  • These consumers would be responsive to a product bundle including smart smoke/CO detectors and PERS (Personal Emergency Response System).

Thirty-three Percent of Households with Insurance Would Switch Providers to Acquire Smart Home Devices

Retrieved on: 
Thursday, March 7, 2024

DALLAS, March 7, 2024 /PRNewswire/ -- Parks Associates' research study, Insurance Opportunities in the Smart Home, finds that one-third of US internet households with homeowner's/renter's insurance would switch providers to acquire smart home devices. The study of 8,000 US internet households investigates consumer preferences for IoT devices that can impact insurance premiums or claims and evaluates the opportunity for IoT growth through the insurance channel.

Key Points: 
  • DALLAS, March 7, 2024 /PRNewswire/ -- Parks Associates' research study, Insurance Opportunities in the Smart Home , finds that one-third of US internet households with homeowner's/renter's insurance would switch providers to acquire smart home devices.
  • The study of 8,000 US internet households investigates consumer preferences for IoT devices that can impact insurance premiums or claims and evaluates the opportunity for IoT growth through the insurance channel.
  • Smart home devices can detect and prevent costly damages, particularly rated to water and faulty wiring.
  • Smart home devices can lure customers from their existing insurance providers and attract customers who are new to the home insurance category."

Parks Associates' 28th Annual CONNECTIONS™: The Premier Connected Home Conference Returns to Dallas, Spotlighting New Demand for Home Technologies

Retrieved on: 
Wednesday, January 17, 2024

DALLAS, Jan. 17, 2024 /PRNewswire/ -- Parks Associates' new research finds that online retailers continue to be the top channel for smart home buyers but the security dealer channel showed significant growth in 2023. The firm finds that 42% of US internet households report purchasing a smart home device from a retailer and 13% report purchasing from a security dealer.

Key Points: 
  • The firm finds that 42% of US internet households report purchasing a smart home device from a retailer and 13% report purchasing from a security dealer.
  • The research firm will highlight the new innovations, business models, and use cases driving growth in the connected home markets at the 28th annual CONNECTIONS™: The Premier Connected Home Conference , hosted in-person May 7-9 at the Hilton Dallas/Plano Granite Park Hotel in Plano, TX.
  • CONNECTIONS™ sponsors include Cox Communities, Nice, Alarm.com, Shelly, SmartThings, Kaadas Smart Locks, Kwikset, Rapid Response Monitoring, Ubiety, Ivani, SkyBell, Becklar, Calix, Origin, and RSPNDR.
  • Parks Associates is accepting speaker submissions for the CONNECTIONS™ Conference in May 7-9 and virtual sessions hosted January 23, June 13, and December 12.

DeRUCCI Wins Two CES 2024 Innovation Awards for IoT Smart Mattress

Retrieved on: 
Thursday, November 16, 2023

The DeRUCCI Group https://www.derucci.com , a leading public company and sleep technology brand, announced today that it has won two CES 2024 Innovation Awards in the Smart Home and Digital Health categories for the DeRUCCI AI series T11 Pro Smart Mattress, an Artificial Intelligence of Things (IoT) intelligent sleep solution based on extensive sleep/health research with international universities and institutions.

Key Points: 
  • The DeRUCCI Group https://www.derucci.com , a leading public company and sleep technology brand, announced today that it has won two CES 2024 Innovation Awards in the Smart Home and Digital Health categories for the DeRUCCI AI series T11 Pro Smart Mattress, an Artificial Intelligence of Things (IoT) intelligent sleep solution based on extensive sleep/health research with international universities and institutions.
  • The T11 Pro Smart Mattress is the first smart mattress that instantly adjusts to the individual’s health for optimal sleep; actually warning the user about potential health issues before they are aware of them.
  • View the full release here: https://www.businesswire.com/news/home/20231116352588/en/
    DeRUCCI Wins Two CES 2024 Innovation Awards for IoT Smart Mattress (Photo: Business Wire)
    DeRUCCI won the CES Innovation Award for its innovative design and ergonomics, which scored highly across the evaluation criteria.
  • The mattress also connects to other IoT home appliances to control the bedroom’s smart thermostat, air conditioner, aromatherapy, air purifier, sleep-enhancing lighting, meditation products, sleep aids, and other IoT devices.

BrainChip Makes Second-Generation Akida Platform Available to Advance State of Edge AI Solutions

Retrieved on: 
Tuesday, October 3, 2023

The 2nd generation Akida platform is designed for extremely energy-efficient processing of complex neural network models on Edge devices.

Key Points: 
  • The 2nd generation Akida platform is designed for extremely energy-efficient processing of complex neural network models on Edge devices.
  • With the exponential increase in Cloud compute requirements for AI compounded by the growth of Generative AI, the move towards Hybrid AI solutions needs more capable and efficient compute at the Edge.
  • “Multimodal Edge AI is an irreversible trend, and it is intensifying the demands on intelligent compute required from Edge devices,” said Zach Shelby, CEO Edge Impulse.
  • “This is a significant step in BrainChip’s vision to bring unprecedented AI processing power to Edge devices, untethered from the cloud,” said Sean Hehir, CEO, BrainChip.

Frost & Sullivan Positions CUJO AI Among Top 3 Leaders on the Frost Radar™: Smart Home as a Service, 2023

Retrieved on: 
Tuesday, October 3, 2023

This recognition reflects CUJO AI's unwavering commitment to innovation, growth, and excellence in the rapidly evolving smart home technology landscape.

Key Points: 
  • This recognition reflects CUJO AI's unwavering commitment to innovation, growth, and excellence in the rapidly evolving smart home technology landscape.
  • CUJO AI's commitment to innovation in network intelligence and security lands it in Frost Radar™'s Top 3 for 2023.
  • The Frost Radar™ report highlights CUJO AI's impressive innovation, which has consistently pushed the boundaries of what's possible in SHaaS.
  • As one of the leaders, CUJO AI continues to shape the future of Smart Home-as-a-Service.

Introducing eero Max 7—The Fastest, Most Powerful eero Yet

Retrieved on: 
Wednesday, September 20, 2023

Amazon (NASDAQ: AMZN) announced eero Max 7, its first Wi-Fi 7 mesh system and the fastest, most powerful eero yet.

Key Points: 
  • Amazon (NASDAQ: AMZN) announced eero Max 7, its first Wi-Fi 7 mesh system and the fastest, most powerful eero yet.
  • eero Max 7 is the culmination of everything we’ve learned—this is an entirely new class of eero, built without compromise.”
    As eero’s fastest tri-band mesh wifi system, eero Max 7 supports the 2.4, 5, and 6 GHz radio bands, and delivers wireless speeds up to 4.3 Gbps and wired speeds up to 9.4 Gbps.
  • eero Max 7 can deliver up to twice the wireless throughput of eero Pro 6E at a greater range–with a one-pack providing 2,500 square feet of coverage and a three-pack providing up to 7,500 square feet of coverage.
  • Backward Compatible: Similar to our other devices, eero Max 7 is backward compatible with previous generations of eero devices, making it easy to expand or upgrade an eero network as wifi needs evolve.

Edge AI: The Wait is (Almost) Over, Says IDTechEx

Retrieved on: 
Wednesday, August 30, 2023

This has been the expectation for the best part of the decade, with the great Edge AI takeover still forthcoming.

Key Points: 
  • This has been the expectation for the best part of the decade, with the great Edge AI takeover still forthcoming.
  • IDTechEx forecasts that the global AI chips market for edge devices will grow to US$22.0 billion by 2034.
  • IDTechEx's brand new report, "AI Chips for Edge Applications 2024-2034: Artificial Intelligence at the Edge", answers the major questions, challenges and opportunities faced by the edge AI chip value chain.
  • For more information on the report, including downloadable sample pages, please visit www.IDTechEx.com/EdgeAI , or for the full portfolio of AI research available from IDTechEx, please visit www.IDTechEx.com/Research/AI .

Edge AI: The Wait is (Almost) Over, Says IDTechEx

Retrieved on: 
Wednesday, August 30, 2023

This has been the expectation for the best part of the decade, with the great Edge AI takeover still forthcoming.

Key Points: 
  • This has been the expectation for the best part of the decade, with the great Edge AI takeover still forthcoming.
  • IDTechEx forecasts that the global AI chips market for edge devices will grow to US$22.0 billion by 2034.
  • IDTechEx's brand new report, "AI Chips for Edge Applications 2024-2034: Artificial Intelligence at the Edge", answers the major questions, challenges and opportunities faced by the edge AI chip value chain.
  • For more information on the report, including downloadable sample pages, please visit www.IDTechEx.com/EdgeAI , or for the full portfolio of AI research available from IDTechEx, please visit www.IDTechEx.com/Research/AI .

Global Design, Shenzhen Momentum! 15th Anniversary of Shenzhen as UNESCO “City of Design”

Retrieved on: 
Monday, May 1, 2023

On the morning of April 27, the opening ceremony of 2023 Shenzhen Design Week & Global UNESCO “City of Design” Summit was held at the Bay Opera of Shenzhen.

Key Points: 
  • On the morning of April 27, the opening ceremony of 2023 Shenzhen Design Week & Global UNESCO “City of Design” Summit was held at the Bay Opera of Shenzhen.
  • With the theme of “Global Design, Shenzhen Momentum”, 2023 Shenzhen Design Week is hosted by Shenzhen Municipal People's Government and International Council of Design (ICoD), organized by Shenzhen Innovation and Creative Design Development Office, co-organized by Guangdong Bureau and Guangdong-Hong Kong-Macao Greater Bay Area Headquarters of China Media Group.
  • The event has been widely supported by UNESCO Creative Cities Network (UCCN), international design organizations, and the organizing committees of world-renowned Design Weeks.
  • It was the first time that Shenzhen Design Week was held jointly with international design organizations.