Thirty Million U.S. Households Projected to Add Smart Home Technology in Next 12 Months, August Home and Xfinity Home Study Reveals
SOURCE: SECURITYINFOWATCH.COM: Security companies have played a pivotal role in the proliferation of smart home technology from the very beginning, however, these same firms will find themselves challenged in the coming years as several industry developments stand poised to disrupt the market’s status quo, according to a new research note from IHS Technology.
“Moreover, security companies will be challenged in 2017, when UL-compliant Z-wave sensors hit the market. (UL has approved the latest Z-Wave protocol for UL 1023 compliance, which means Z-Wave detectors can soon be used for professional alarm installations.) This milestone is significant, because most existing intruder alarms use one-way radios operating at 300/400 megahertz (MHz),” wrote Blake Kozak, principal analyst at IHS Technology, in the research note. “In order to remain competitive in 2016 and 2017, dealers and service providers need to consider flexible billing models as well as DIY installation with professional monitoring.” Cont'd...
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Joseph Palenchar for TWICE: Smart-home suppliers are positioning themselves to get the most out of the market’s growth potential by expanding system capabilities, entering new niches and expanding their product selections.
Companies are also making their products more attractive to consumers by making them interoperable with other suppliers’ products.
The growth potential was underscored by a Parks Associates survey that found almost 20 percent of U.S. broadband households own at least one smart-home device, and a lot more consumers want them. About 49 percent of all broadband households plan to buy a smart-home product in the next 12 months, Parks found. Among consumers who own a security system, that percentage jumps to 65 percent.
“Security households, rather than being content with their current system, have a proclivity to add more smart features to their home,” said Parks president Stuart Sikes.
Here’s what suppliers are doing to leverage demand: Full Article:
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