Penetration of US Broadband Homes With Smart Thermostats at 11%, Says Parks

The penetration of U.S. broadband homes with a smart thermostat is up just 6 percentage points in two years, to 11 percent, said a Parks Associates report Thursday. Most of the devices are stand-alone products and not integrated into a smart home system, said the research firm. Cloud-based application programming interface frameworks such as Works with Nest and interoperability initiatives such as the Open Connectivity Foundation are providing “a path for multivendor ecosystems,” said analyst Tom Kerber. Smart home platforms face new competition from Apple, Amazon and Samsung, and interoperability initiatives also will have an impact on the competitive landscape, said Kerber. Parks will address interoperability issues for smart home devices such as thermostats, door locks and networked cameras at its Connections Summit at CES Thursday at The Venetian in Las Vegas.