Matter’s implications are a double-edged sword for professional service providers
DALLAS, Feb. 13, 2024 /PRNewswire/ — Parks Associates’ latest security dealer survey, Security Dealer Perspectives: Views from the Front Line, reveals dealer familiarity with the Matter standard has increased to 24% in 2023, up from 16% in 2022, but the overall rate is still low, with the standard officially launched in December 2019. Security companies need more awareness of this initiative given the implications of the standard for the future of the industry.
The annual study surveys security dealers across the US to gain insights on their view of the market and their current strategies to grow professional monitored home services. It quantifies shifting demand for smart home devices during the initial sale and as an aftermarket upgrade, and it highlights dealer perspectives on how artificial intelligence (AI) and the Matter standard will impact their businesses.
“The Matter standard was announced a few years ago, and the Connectivity Standards Alliance (CSA) has released two specification updates since then,” said Mindi Sue Sternblitz-Rubenstein, Vice President of Marketing, Parks Associates. “Familiarity has been slow to grow, as Matter-enabled smart devices have been slow to come to market, but most standards efforts take time to penetrate an ecosystem. All parties should plan for a lengthy rollout.“
Matter has received widespread support from technology and security giants, including ADT, Amazon, Google, and Apple, along with 600+ other member companies, and device types supporting Matter now include smart lights, HVAC controls, smart shades, security sensors, door locks, smart TVs, smart bridges, smart appliances, smoke and CO detectors, and robotic vacuums, among others.
Matter’s implications are a double-edged sword for security service providers. By lowering the barriers for smart home device interoperability, Matter stands to reduce installation time and costs of creating and upgrading smart homes. Greater interoperability between products benefits all adopters but can also attract new entrants that will compete with established security vendors. It also lowers the barriers to offering a smart security solution, thus encouraging even more competition from DIY players.
“The greatest impact from Matter will be to make installation easier for new and already owned customer devices,” Sternblitz-Rubenstein said. “In the end, this will help expand the market.”
About Parks Associates
Parks Associates, a woman-founded and certified business, is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates provides business intelligence and research services through its proprietary methodologies developed over decades, including quarterly surveys of 10,000 internet households.
The company’s expertise crosses many industries: home security and smart home, streaming video, broadband and pay-TV services, digital media and platforms, gaming, Wi-Fi and home networks, connected health, support, consumer electronics, home control systems, energy management, and tech solutions for the multi-dwelling (MDU), small-to-medium business (SMB), and commercial building markets.
Each year, Parks Associates brings thousands of leaders together for its webinars and annual events. The firm hosts the annual executive research and strategy conferences CONNECTIONS™, Connected Health Summit, Smart Energy Summit, Smart Spaces, and Future of Video. https://www.parksassociates.com
Mindi Sue Sternblitz-Rubenstein
SOURCE Parks Associates