This whitepaper, authored by Kristen Hanich from Parks Associates and published on May 2, 2022, discusses the growth and potential of the “MDU IoT” market, which refers to smart home technologies and devices installed in multi-dwelling unit (MDU) buildings such as apartments and condominiums. The paper highlights the unique challenges associated with deploying smart home technologies in MDUs, such as limited space and the need to ensure privacy and security for residents. The paper also discusses the opportunities for companies in the MDU IoT market, including the potential for new revenue streams and improved resident satisfaction. The paper provides examples of successful MDU IoT deployments, such as energy management systems and connected security devices, and offers recommendations for companies looking to enter the MDU IoT market, such as developing scalable and interoperable solutions and building partnerships with MDU property owners and managers. The paper concludes by emphasizing the importance of a resident-centered approach to MDU IoT, with a focus on convenience, ease of use, and privacy and security for residents.
Keywords: Access Controls, Audio/Video, Communications, Connected Home, Construction/New Buildings, Consumer Electronics, Cybersecurity/Privacy, Energy Efficiency/Management, Fiber Optics , Internet of Things (IoT), Large Building, Mesh Networking, Property Management, Protocols/Standards, Training