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.
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