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Wednesday, November 28, 2012

Home Automation Market is Primed for Expansion

The global market for home automation services grew significantly during 2012, primarily driven by a wave of new entrants and offerings in the North American market.

According to the latest market study by ABI Research, the U.S. in particular leads in deployments and new shipments -- acting as a bellwether for markets around the world.

Even within the low growth American economy and the lackluster new housing market, home automation systems installed in the U.S. this year almost doubled over 2011 shipments.

In 2017, more than 8 million home automation systems will ship -- representing a compound annual growth rate (CAGR) of 45.2 percent between 2011 and 2017.

Over the past 12 months, Verizon has rolled out its service offering, leading U.S. cable companies -- including Comcast and Time Warner -- have expanded their footprints and security vendors including ADT and Vivint continued to see strong demand for their solutions.

"Home automation adoption is moving into the mainstream as a combination of home connectivity, standardization, and a range of new sensors and devices bring an ever expanding number of players into the market," says Jonathan Collins, principal analyst at ABI Research.

Meanwhile existing players are adapting their offerings and a host of technologies and connectivity options are battling to become de facto standards.

These findings are part of ABI Research’s Home Automation and Smart Cities Research Services, which include Research Reports, Market Data, Insights, and Competitive Assessments.

Their Home Automation service examines the market for monitoring and control technologies used for automation applications in the home -- including home energy management, connected appliances, home security management, home healthcare, entertainment, and lighting control.