Cardinal Peak

FPT Unveils Strategic Directions, “All In” on AI, Automotive and Semiconductor

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Monday, April 15, 2024

FPT Corporation (FPT) announced its strategic directions for the 2024-2026 period at the 2024 Annual General Meeting, with five focused areas defined as Artificial Intelligence (AI), Automotive, Semiconductor, Digital Transformation, and Green Transformation.

Key Points:

FPT Corporation (FPT) announced its strategic directions for the 2024-2026 period at the 2024 Annual General Meeting, with five focused areas defined as Artificial Intelligence (AI), Automotive, Semiconductor, Digital Transformation, and Green Transformation.
In the automotive sector, following the launch of FPT Automotive in 2023, FPT’s investment lies in the development of intelligent solutions, offering comprehensive automotive services.
With regard to the semiconductor industry, FPT has a dual target: supplying chips to more global customers and enhancing workforce development.
To accelerate these goals, mergers and acquisitions (M&A) will continue to be FPT’s strategic focus, especially in supporting the automotive sector.

Parks Associates: 29% of Former Demand Response (DR) Participants Say They Left The Program Because It Was No Longer Available

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Thursday, April 25, 2024

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DALLAS, April 25, 2024 /PRNewswire/ -- Parks Associates' home energy management research reveals more consumers who churn from a utility program report low awareness or availability, rather than a lack of interest. Only 11% of past DR program users churned because they were uncomfortable during DR events, compared to 25% in Q4 2021. Leading churn factors were consumers reporting the DR program was no longer available (29%) or that the incentive was too low (25%). The number of churners who were unaware they had enrolled jumped from 6% in Q4 2021 to 14% in Q4 2023, further highlighting the need for better communication between consumers and their utilities.

Key Points:

Only 11% of past DR program users churned because they were uncomfortable during DR events, compared to 25% in Q4 2021.
Leading churn factors were consumers reporting the DR program was no longer available (29%) or that the incentive was too low (25%).
Home Energy Management: Generation, Consumption, Demand Response examines trends and consumer interest in energy monitoring solutions, home solar, battery storage, and DR programs.
To schedule an interview with an analyst or to request specific data, please contact Mindi Sue Sternblitz-Rubenstein at [email protected] or 972-490-1113.

Parks Associates: 18% of US Households Have Six Or More Smart Home Devices

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Wednesday, April 17, 2024

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DALLAS, April 17, 2024 /PRNewswire/ -- Parks Associates' Smart Home Dashboard, quarterly consumer research featuring surveys of 8,000 and 10,000 US internet households, finds 45% of US internet households have at least one smart home device and 18% have six or more smart home devices. The research firm will feature its latest consumer and industry research on the smart home, security, energy, access control, monitoring, and broadband markets at the 28th annual CONNECTIONS™: The Premier Connected Home Conference, featuring keynote speakers from Vivint, Imperial Capital, EPB, Verizon, GVTC, RapidSOS, and Alarm.com.

Key Points:

"Heading into 2024, the profile of the smart home adopter looks different than in the earlier years of the market," said Jennifer Kent , VP Research, Parks Associates.
"Mainstream households with 1-5 devices now outnumber the smart home-enthusiast households with 6+ devices.
"Companies are building out their ecosystems to maximize their sales potential and provide a better, more integrated experience to end users.
This makes the platform that much more important as a center point for control of the connected home."

Parks Associates: More Than Half of All US Households Say They Value the Energy-Saving Benefits of Smart Home Tech

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Thursday, April 11, 2024

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DALLAS, April 11, 2024 /PRNewswire/ -- Parks Associates' latest research finds 52% of US internet households indicate automating savings and remotely controlling lights, thermostats, and appliances to save energy are valuable or highly valuable benefits for smart home devices. The research firm will share the latest data on the adoption of connected home technologies at its 28th annual CONNECTIONS™: The Premier Connected Home Conference, hosted May 7-9 at the Hilton Dallas/Plano Granite Park Hotel in Plano, TX.

Key Points:

The executive conference features educational sessions focused on the next generation of home services, new revenue strategies, the role of AI in the smart home, insurance partnerships and risk reduction, and the role of interoperability.
"Purchase intentions for solar panels have dropped to 2018 levels after a peak of 12% at the end of 2021," said Elizabeth Parks , President and CMO, Parks Associates.
"High interest rates are a key factor in this drop, so the industry will need to work to show the ROI and explain the value of new technologies.
Throughout CONNECTIONS™, sessions will highlight Parks Associates research and the role of energy in the growth of the connected home.

Parks Associates Hosts Dealer Day at the 28th Annual CONNECTIONS™: The Premier Connected Home Conference, Wednesday, May 8, 2024, at the Hilton Granite Park Hotel in Dallas/Plano

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Tuesday, March 26, 2024

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DALLAS, March 26, 2024 /PRNewswire/ -- Parks Associates announced today it will host Dealer Day at CONNECTIONS™ on Wednesday, May 8, 2024, during the 28th annual CONNECTIONS™: The Premier Connected Home Conference. The research firm will host CONNECTIONS™ on May 7-9 at the Hilton Dallas/Plano Granite Park Hotel, with a special invitation for local and regional dealers, integrators, and installers to join on May 8 to network and attend educational sessions focused on the next generation of home services, new revenue strategies, the role of AI in the smart home, insurance partnerships and risk reduction, and the role of interoperability.

Key Points:

Parks Associates research shows that 42% of US internet households have some kind of home security solution, 17% own a smart thermostat, and 5% have a smart lighting system.
Consumers continue to add connected devices to their homes, creating more opportunity for integration and additional, value-added services.
The average US internet households has 17 connected devices, and Parks Associates forecasts annual revenues from core smart home product categories will be $12.6 billion in 2027.
Parks Associates' market research helps to track and assess the growth of residential and small-to-medium business markets.

Parks Associates: 54 Million Internet Households Have at Least One Smart Home Device

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Thursday, March 21, 2024

Trident, Consumer, SMB, Conference, SmartThings, Internet, Interview, Alarm.com, Marketing, Ecosystem, Enablement, Cardinal Peak

DALLAS, March 21, 2024 /PRNewswire/ -- Parks Associates today announced new research showing 45% of US internet households have a smart home device. The research firm will share its latest data on the adoption of connected home technologies, with sessions moderated by research analysts and featuring leading industry players at its 28th annual CONNECTIONS™: The Premier Connected Home Conference, hosted May 7-9 at the Hilton Dallas/Plano Granite Park Hotel in Plano, TX.

Key Points:

Research firm announces speakers for 28th CONNECTIONS™ Conference, hosted May 7-9 in Texas
DALLAS, March 21, 2024 /PRNewswire/ -- Parks Associates today announced new research showing 45% of US internet households have a smart home device.
Parks Associates' annual executive conference brings together industry leaders to network, learn, and discuss trends in consumer demand, new business models, and strategies for the connected home ecosystems.
In addition, the event covers the multifamily market and the small-to-medium business (SMB) market, both key growth areas for companies developing products and services.
"The population of smart home households is diversifying, from early adopters to include more mainstream consumers," said Mindi Sue Sternblitz-Rubenstein , VP, Marketing, Parks Associates.

Thirty-three Percent of Households with Insurance Would Switch Providers to Acquire Smart Home Devices

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Thursday, March 7, 2024

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DALLAS, March 7, 2024 /PRNewswire/ -- Parks Associates' research study, Insurance Opportunities in the Smart Home, finds that one-third of US internet households with homeowner's/renter's insurance would switch providers to acquire smart home devices. The study of 8,000 US internet households investigates consumer preferences for IoT devices that can impact insurance premiums or claims and evaluates the opportunity for IoT growth through the insurance channel.

Key Points:

DALLAS, March 7, 2024 /PRNewswire/ -- Parks Associates' research study, Insurance Opportunities in the Smart Home , finds that one-third of US internet households with homeowner's/renter's insurance would switch providers to acquire smart home devices.
The study of 8,000 US internet households investigates consumer preferences for IoT devices that can impact insurance premiums or claims and evaluates the opportunity for IoT growth through the insurance channel.
Smart home devices can detect and prevent costly damages, particularly rated to water and faulty wiring.
Smart home devices can lure customers from their existing insurance providers and attract customers who are new to the home insurance category."

FPT Hits One Billion USD Revenue in Global IT Services for the First Time

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Friday, December 22, 2023

Global technology corporation FPT has surpassed one billion USD in the global IT services segment, generated by its subsidiary FPT Software.

Key Points:

Global technology corporation FPT has surpassed one billion USD in the global IT services segment, generated by its subsidiary FPT Software.
These efforts allow FPT to double its revenue from global IT services in three years, with the largest contribution from its major markets - Japan, the Americas, and Asia Pacific, accounting for roughly 30 percent each.
FPT has established itself as a trusted partner for businesses across several sectors, with digital transformation playing a large role in its end-to-end services and solutions portfolio, accounting for nearly 50% of total global revenue.
“FPT Corporation’s ambition is to showcase Vietnamese intelligence and technology to the global stage, and our subsidiary FPT Software was founded to realize that vision.

FPT Launches Automotive Technology Subsidiary, Facilitating SDV Transition

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Thursday, December 14, 2023

Global technology services provider FPT officially launches its automotive technology subsidiary - FPT Automotive.

Key Points:

Global technology services provider FPT officially launches its automotive technology subsidiary - FPT Automotive.
FPT Automotive currently has a global team of 4,000 automotive software engineers and experts across diversified delivery models, allowing streamlined solutions, optimized cost, and adaptability to clients’ and industry’s changing requirements.
The launch of FPT Automotive responds to the global demand for SDVs, aligns with FPT’s strategic investment in automotive product engineering services and solutions, and leverages its extensive expertise.
"FPT Automotive aims to continue sharpening our focus on software-defined vehicles and actively contribute to the development of a smart mobility society.

FPT Acquires Majority Stake of French IT Consulting Firm AOSIS, Expanding European Delivery Capabilities

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Wednesday, December 6, 2023

Global technology service provider FPT announces its acquisition of an 80% stake in the French IT consulting firm AOSIS, a strategic initiative to fortify its delivery competencies, expand business opportunities, and broaden its customer base in this market.

Key Points:

Global technology service provider FPT announces its acquisition of an 80% stake in the French IT consulting firm AOSIS, a strategic initiative to fortify its delivery competencies, expand business opportunities, and broaden its customer base in this market.
With over 100 local experts and four offices joining its existing global network, the company is poised to strengthen its best-shore delivery capabilities for the French and European markets.
AOSIS will remain an independent entity while undergoing integration with FPT’s extensive service offerings, existing clientele, global workforce, and operations.
In 2022, FPT became a strategic shareholder in Japan's top 20 consulting and digital transformation company, LTS, Inc.