Z-Wave Alliance Releases 2023 Ecosystem Report

The 2023 report unveils rich data on global smart home device ownership by region, demographic, product type, installation preference, and much more.

BEAVERTON, Ore., March 9, 2023 /PRNewswire/ — The Z-Wave Alliance, the standards development organization dedicated to advancing the smart home and Z-Wave® technology, today announces the release of its fourth-annual Z-Wave Ecosystem Report. The newly available report, fielded in cooperation with Interpret, provides an in-depth look at growth and challenges for the smart home market globally. Building on the Alliance’s exploration of the U.S. market in the 2022 Ecosystem Report, the report examines key growth points in the U.S. and comparative data from the UK, France, and Germany. The report takes a deep dive into the importance of interoperability, impacts on purchasing behaviors, and assesses primary barriers to smart home device adoption.

Key insights from the report include:

  • The market is healthy and eager to grow, with the U.S. leading global smart home adoption and impressive year-over-year growth in the UK, France, and Germany.  
  • 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. Highest interested was indicated for sensor kits, especially for electrical and fire safety, and water usage.
  • Interoperability with products already owned is a top requirement for future purchases across all three EU countries as well as the U.S. market. The importance of interoperability increases exponentially as more devices are owned. In the U.S. alone, 54% of devices owners consider interoperability an important consideration in their next purchase.
  • The new end-user expectation is basic smart home technology in any new home. Over half of smart home device owners, and expected movers, in the U.S., UK and Germany would like their next home to have at least basic smart home technology, for which they would pay extra.  
  • DIY vs Pro Installation: A strong pattern has emerged suggesting growing consumer confidence for investing in smart home products. However, the report reveals ample opportunities for the professional channel to enable direct-to-consumer sales of add-on devices.

“The 2023 Z-Wave Ecosystem Report provides a much-needed referendum on interoperability,” said Z-Wave Alliance Executive Director Mitch Klein. “The findings in the report arrive at a critical moment in the maturity of the smart home to offer insights across the category, globally. The report follows in the stead of exciting Z-Wave news including surpassing 4,100 certified devices, the first Z-Wave Long Range products, new board members, as well as the completion of the Z-Wave Source Code Project. The details within the 2023 report are instrumental in helping guide business decisions as we navigate what could be the most exciting year of smart home market growth thus far.” 

Beyond data, the report includes a case study from MCA Systems S.A.S detailing the dramatic energy savings achieved by integrating an award-winning Z-Wave-enabled Horus solution into hotel properties.

The complete Z-Wave 2023 Ecosystem report is available for download here. Z-Wave Alliance members also have exclusive access to the full 145-page research report via their member portal. The complete proprietary data report is available to purchase by non-members or, is included in any new or renewal memberships. Contact the Z-Wave Alliance at
355200@email4pr.com
with questions on membership or click here for purchase information.

For more information on the Z-Wave Alliance, please visit http://z-wavealliance.org.
Follow the Z-Wave Alliance on FacebookTwitter and on LinkedIn for the latest updates.
To join the Z-Wave Alliance, visit www.z-wavealliance.org/join-z-wave-alliance-now.

 About the Z-Wave Alliance
The Z-Wave Alliance is a standards development organization dedicated to developing and advancing Z-Wave® technology as an open and internationally recognized ITU standard (G.9959) for smart home and IoT solutions. Alliance members continue to shape and drive the future of Z-Wave through open development in the Alliance OS Work Group. The With over 4,100 certified wireless, interoperable devices, Z-Wave Alliance member companies provide leading edge products and systems that deliver increased comfort, convenience, energy conservation, safety, security, and more. The Z-Wave Long Range (Z-Wave LR) specification uniquely enables IoT applications beyond the home. With a range of up to a mile away, Z-Wave LR provides the performance and scalability needed in MDU & hospitality deployments, and more. Learn more at www.zwavealliance.com 

Press Contact:
Caster Communications, Inc.
401.792.7080

355200@email4pr.com
 

SOURCE Z-Wave Alliance