Skip to main content

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.

Popular posts from this blog

GenAI: European Economy Growth Catalyst

As an independent advisory consultant with experience across the technology sector, I've observed the transformative impact of artificial intelligence (AI) on various industries across the globe. The recent IDC market study of AI in Europe provides valuable insights. The forecast AI spending in Europe will reach $133 billion by 2028, with a compound annual growth rate (CAGR) of 30.3 percent, underscores the significant momentum behind AI adoption. This substantial investment reflects the increasing recognition of AI's potential to enhance productivity, drive innovation, and create new business model opportunities. Generative AI Market Development While AI itself is not a new concept, the emergence of Generative AI (GenAI) has catalyzed a new wave of excitement and investment. GenAI's ability to create content, from text to images and even code, has captured the imagination of businesses and consumers alike. The IDC market study highlights the exceptional growth expected in...