Revolutionizing Connected Living: MDU Tech Amenities Set to Hit $3 Billion by 2025

Parks Associates Predicts MDU Tech Revenues to Skyrocket

Parks Associates is set to showcase its insights into the burgeoning market for tech amenities in multifamily dwellings (MDUs) during the upcoming virtual sessions of the Smart Spaces and CONNECTIONS™ conferences on December 12. With their latest report indicating that revenues from amenities like internet packages and smart devices will approach an impressive $3 billion by 2025, industry stakeholders will be keenly tracking this expansion. This financial leap is notable, given that revenue only slightly surpassed $2.8 billion in 2023.

As consumers increasingly seek out connected living options, the demand for smart products and associated services shows no signs of slowing down. "Even though potential challenges such as tariffs and high interest rates loom, the need for innovative tech solutions in housing remains robust," states Kristen Hanich, Research Director at Parks Associates.

The sessions, designed to inform and engage professionals in the energy and security sectors, will delve into the advancements in smart home technology and evaluate how they influence residents' interactions with these spaces.

In the first session titled Smart Home Future Outlook 2025, scheduled for 11 AM CT, attendees will explore how integrated devices are redefining home comfort and accessibility. Moderated by Daniel Holcomb, Senior Analyst at Parks Associates, the panel will include distinguished guests from major companies such as GrandCare Systems, Schneider Electric, and Thread Group. They will discuss market trends and consumer preferences regarding smart home solutions moving into 2025.

The second session, Smart Spaces Access Control and Security in Multifamily, slated for 2 PM CT, will highlight the implications of AI and IoT in enhancing security systems. As per recent insights, the deployment of these technologies has significantly altered residents' perceptions regarding safety and privacy within their living environments. Veterans from companies like Swiftlane and Johnson Controls will share their expert views, providing valuable insights into the industry's trajectory.

As sponsors line up for both events, including well-known names like Alarm.com and Kwikset, the focus remains on the transformative power of integrating smart technologies into daily life. Companies are recognizing the strategic advantage of adopting these technological advancements to not only attract modern tenants but also improve the overall living experience.

Parks Associates, founded in 1986, has cultivated a reputation as a leading market research firm within the consumer technology realm. They specialize in groundbreaking technology solutions across various sectors, including smart home security, streaming services, and energy management, making their forthcoming sessions highly anticipated within the industry.

The upcoming sessions promise to deliver critical insights that not only affect the business strategies of property managers but also the customer experiences of the average homeowner in multifamily dwellings. As these smart technologies evolve, they pave the way for a future where connected living is not just a luxury but a standard expectation for tenants.

To learn more about the influence of these advancements and how they will shape the future of living spaces, stay tuned for the virtual sessions from Parks Associates, where innovation meets opportunity.