Remote Monitoring, Control and Security to Propel Global Smart Home Market to $72 Billion by 2017
160 Million Homes Worldwide to Have Smart Systems by 2017
Boston, MA - January 8, 2013 - Strategy Analytics predicts that 16 percent of broadband households in the world will have at least one smart home system by 2017. Increasing demand for monitoring and control services offered by wireless carriers, broadband, energy and security service providers such as ADT, AT&T, British Gas, Rogers Communications, SFR, Swisscom, Time Warner Cable and Verizon, along with remote-enabled entertainment controls and smart appliances from the likes of LG and Whirlpool will drive the bulk of households that adopt smart home systems and services, according to Strategy Analytics' Smart Home Strategies (SHS) advisory service, "Smart Home Systems and Services Forecast: Global Total." Interactive security services, integrated entertainment and home controls will be the major revenue generators followed by self-monitoring systems and services.
"Home energy management will be a market driver in some Western European countries, such as Germany, where Deutsche Telekom and its partners E.ON, EnBW, eQ-3, Meile, Samsung, tadoo and Winkle are addressing smart home opportunities with the QIVICON offering. Interactive security from Alarm.com and Comcast in addition to ADT will remain the leading application in the US market and entertainment-related solutions will be popular globally," stated Bill Ablondi, Director, Smart Home Strategies advisory service.
The research also assesses the opportunity for other emerging smart home systems and services, such as digital health solutions, which offer professionally monitored home-based healthcare services, smart appliances and devices such as surveillance cameras, motion sensors and programmable communicating thermostats.
Global Smart Home Systems and Services Market Forecast ($ Billion)
|Smart Home Hardware
|Smart Home Services & Installation Fees
|Total Smart Home Revenues
|Source: Strategy Analytics, Inc.
Note: Includes interactive IP-based security, home monitoring and control, entertainment control, smart appliance controllers, digital healthcare; hardware, service and installation fees
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