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Industry Overview - March 2022

2021 was a strong year for home automation sales amid a banner year for technology sales as a whole.  As consumer technology industry revenue reached $127B, a 9% increase over an historic 2020, home automation revenue grew 20%.  While many of the same use cases around monitoring, convenience, and efficiency continued to drive sales in 2021, the entrance of new brands and a more diverse range of products and price points has helped to drive increased unit volume and attract new groups of buyers to the market.

Feb '22 Device Ownership Trends & Profile Report -

The Device Ownership Trends & Profile report is your go to for understanding what devices consumers own and how that has changed over the past 3-years. The profile tool segments over 300 consumer groups. You can quantify device ownership penetration for your target demographic, shopper, viewer, subscriber and more. The analysis is published every other wave, and the accompanying excel data dashboard provides a more in-depth view of the trends every quarter. Key findings this wave include:

Only 50% of Homes in the Continental US Receive True Broadband Internet Access

Port Washington, NY, March 8, 2022 – For many a broadband connection means having the ability to stream the latest binge-worthy shows, conference call with colleagues who are miles away, and monitor your home via smart devices from another state. But over the course of the pandemic broadband connections played a role in all that and more, keeping students connected to the classroom and patients connected to their doctors via telehealth.

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