Internet-connected Entertainment Systems Fuel Growth to $24B by 2017
Boston, MA - April 11, 2012 - Increasing demand for broadband-enabled home security and control systems will drive US revenues for smart home systems and services to $7.6 Billion in 2012, according to the latest report from Strategy Analytics, βSmart Home Systems and Services Forecast: United States.β According to this research, more than 8 percent of US homes will own at least one smart home product or service by the end of this year; the most popular are self-controlled and self-monitoring systems like video cameras, motion sensors, lighting and thermostats. Strategy Analytics predicts that IP-based security systems and services will account for nearly one-third of the $24.3 billion total smart home market in 2017.
βThe proliferation of both fixed and mobile broadband connectivity, coupled with service provider need to develop additional revenue generating units (RGUs) to offset declining growth in traditional businesses, is driving adoption of a broad array of smart home systems and services,β according to Bill Ablondi, Director, Smart Home Strategies advisory service.
This report also assesses the opportunity for other emerging smart home services, such as digital health systems, which offer professionally monitored home-based healthcare services, and smart appliances, like refrigerators integrated with automatic food monitoring and ordering technologies.
US Smart Home Systems and Services Market Forecast ($ Billion)
|
2011 |
2012 |
2017 |
| Smart Home Hardware |
$3.0 |
$4.8 |
$13.0 |
| Smart Home Services & Installation Fees |
$1.9 |
$2.8 |
$11.3 |
| TOTAL SMART HOME REVENUES |
$4.9 |
$7.6 |
$24.3 |
Strategy Analytics, Inc. Smart Home Strategies (SHS) Service
Note: Includes IP-based security, home monitoring and control, entertainment control, smart appliance controllers,
digital healthcare; hardware, service and installation fees
Analyst Blog: blogs.strategyanalytics.com/shs/