Home Automation Systems to Triple in 2 Years
In North America, which represents the lion's share of the global market for managed home automation, more than one million systems are expected to be installed in 2012. That figure -- a tripling of the 2008 market -- is forecast to nearly double again in 2014.
One significant element of managed home automation packages is security. Traditional security service alarm service providers as well as telcos and cable broadband service providers are now entering the market for managed home monitoring and automation services.
"Managed home security usually represents good value for the consumer," says ABI Research practice director Sam Lucero.
"It's something of a 'plain vanilla' offering, but it is packaged by the service provider in a way that is relatively easy to deliver. Standalone home automation and security systems pose a significant challenge to consumers, in both cost and complexity.
When home automation functionality is included in an overall security alarm package, it is more seamless and less expensive for the consumer to acquire."And what is the motivation for the service providers? There are a number of drivers: