Smart Home Services To Reach $10.9 Billion in 2017

Nowadays, home automation systems have become much better, less nerdy and more widely used, in large part due to the embrace of “smart home” services from the likes of AT&T, Comcast and Verizon.

In fact, it’s these new smart home service offerings from the big telco and cable providers that will help drive the smart home services market from under $2 billion worldwide in 2012 to $10.9 billion by 2017 according to a new report from NextMarket Insights.

So why is your local cable, Internet and phone provider getting into the home automation game? In large part because those same triple-play offerings they provide you are under attack from the likes of Internet video and voice over IP and smart home services provide a new and attractive new revenue stream.

Of course, companies like Comcast have been experimenting with offerings like home security for at least six or seven years, but only in the last couple years have cable and telcos embraced smart home services in a bigger way. This new love for the smart home has been helped along by the emergence of new software-powered services from companies such as iControl Networksand AlertMe, who provide a underlying “white-label” service to which your phone or cable company then can affix their own their brand name.

Other smart home platform providers such as Alarm.com have gone outside of the telco and cable provider channels and partnered with a network of home security dealers, riding their 2,500 security partners to over 1 million customers in North America.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Yale Real Living™ Assure Lock™ with Bluetooth

Yale Real Living™ Assure Lock™ with Bluetooth

The new Yale Real Living™ Assure Lock™ with Bluetooth replaces conventional keys with digital keys accessed through the Yale Digital Keys app for Android and iOS mobile devices, and through an app for the new Samsung Gear S2 smartwatch. The Yale app allows homeowners to unlock doors, send keys to others, control when others have access, get a message when someone enters, and revoke a digital key at any time. Unlocking the deadbolt couldn't be simpler, whether using the Samsung Gear S2 or a smartphone. With the new Samsung Gear S2, touch the watch app to activate the digital key, then touch the lock screen to unlock the deadbolt. With a smartphone, Yale's "Twist and Go" technology allows the user to hold the phone vertically when approaching the door, then twist it 90 degrees to unlock the deadbolt. Homeowners can also unlock the deadbolt using its capacitive touchscreen and a four- to eight-digit code.