Oyster Bay, New York - 16 May 2012
New subscription-based home automation offerings are rapidly transforming the way consumers will monitor, secure, and control their homes. Long the preserve of more expensive, custom-installed technology, home automation is moving into the mainstream, with companies such as ADT, Comcast, Verizon, Lowe’s, and many others all adding home automation to their customer services.
A number of factors are driving the new entrants into the market. Connectivity is one key factor. Not only are there currently high home broadband penetration rates, as well as the potential for embedded cellular connections to connect systems, but also smartphone applications allow consumers to control and check their homes from wherever they are. As connectivity options make the home automation systems more useful, market changes are also making home automation more affordable. A traditional large up-front installation and equipment purchase is increasingly being replaced by monthly subscription offerings – often bundled alongside already existing services.
“The North American market has long been the dominant region for home automation systems and now it is leading the way with managed home automation subscription services. In the past two years, service providers, including telecoms, cable, security, and energy, have all launched additional home automation services for managing energy use or security monitoring to their suites of monthly billed services,” says Jonathan Collins, principal analyst, wireless healthcare and M2M.
Over the next five years the managed home automation market will grow installments at a CAGR of 60% between 2012 and 2017, outstripping the 31% growth across the total market comprising luxury, mainstream, and DIY home automation deployments. The evolution of the home automation market into the mainstream requires a raft of new partnerships. No company is able to provide all the parts, so telecom, cable, security, and utility providers are all looking to smart devices vendors, managed software providers, local installation specialists, and others to support the broad rollout of home automation services.
ABI Research’s “Home Automation, Security, and Monitoring” report examines the evolving marketplace for home automation systems and how the rise of managed subscriptions will impact existing luxury, DIY, and mainstream home automation markets.
It is part of ABI Research’s Home Automation Research Service.
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 40+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.
ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
Asia: +65 6950.5670