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Strategy Analytics Predicts 160 Million Homes Worldwide to Have Smart Systems by 2017 (13/2/2013)

Remote Monitoring, Control and Security to Propel Global Smart Home Market to $72 Billion by 2017

"Home energy management will be a market driver in some Western European countries, such as Germany, where Deutsche Telekom and its partners E.ON, EnBW, eQ-3, Meile, Samsung, tadoo and Winkle are addressing smart home opportunities with the QIVICON offering. Interactive security from Alarm.com and Comcast in addition to ADT will remain the leading application in the US market and entertainment-related solutions will be popular globally," stated Bill Ablondi, Director, Smart Home Strategies advisory service.

The research also assesses the opportunity for other emerging smart home systems and services, such as digital health solutions, which offer professionally monitored home-based healthcare services, smart appliances and devices such as surveillance cameras, motion sensors and programmable communicating thermostats.

Global Smart Home Systems and Services Market Forecast ($ Billion)

2012 2013 … 2017
Smart Home Hardware $13.7 $19.4 … $41.3
Smart Home Services & Installation Fees $8.1 $11.5 … $30.5
Total Smart Home Revenues $21.8 $30.9 … $71.8

Note: Includes interactive IP-based security, home monitoring and control, entertainment control, smart appliance controllers, digital healthcare; hardware, service and installation fees

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