The Z-Wave Alliance a standards development organization announces the release of its fourth-annual Z-Wave Ecosystem Report. This report provides an in-depth look at growth and challenges for the smart home market globally.
The 2023 Z-Wave Ecosystem Report provides an in-depth look at growth and challenges for the smart home market worldwide. It examines key growth points in the U.S. and comparative data from the UK, France, and Germany. According to the report, the market is healthy and eager to grow, with the US. leading global smart home adoption. Z-Wave Owners across all four countries are generally more satisfied with their security systems and are more likely to purchase additional smart home devices in the next six months. Interoperability with products already owned is a top requirement for future purchases, with 54% of device owners considering interoperability an important consideration in their next purchase. The new end-user expectation is basic smart home technology in any new home, and over half of smart home device owners would like their next home to have at least basic smart home technology. A strong pattern has emerged suggesting growing consumer confidence for investing in smart home products, but the report also reveals ample opportunities for the professional channel to enable direct-to-consumer sales of add-on devices.
The Z-Wave Alliance is a standards development organization dedicated to the advancement of Z-Wave® technology as an open and internationally recognized ITU standard (G.9959) for smart home and Internet of Things solutions. The Z-Wave Alliance member companies offer cutting-edge products and systems that provide increased comfort, convenience, energy conservation, safety, security, and more, with over 4,100 certified wireless, interoperable devices.