January 8, 2013
Research & Analytics…
Why Smarter Homes Mean More Revenue
Strategy Analytics predicts 16 percent of global broadband households will have at least one smart-home system in place by 2017. Increasing demand for monitoring and control services offered by such players 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. Interactive security from Alarm.com and Comcast in addition to ADT will remain the leading application in the U.S. market, and entertainment-related solutions will be popular globally. The group expects revenues from smart-home hardware to hit nearly $20 billion this year and $41 billion by 2017, with smart-home services and installation fees to reach more than $11 billion and $30 billion in the same time frames, meaning there is plenty of opportunity for operators in all categories to either introduce or bulk up smart-home services (and wireless devices probably will play a key remote-control role).