Friday, February 03, 2012

‘Smart home’ technology goes mainstream

Less than 5 percent of U.S. households, or about 5.8 million homes, had some form of remote monitoring and control system in place at the end of 2011, according to Parks Associates, a market research firm in Dallas. By 2014 that is expected to grow to 9.3 percent.

Companies see home automation as a long-term prospect for new revenue streams, but many consumers don’t yet know the technology exists, said Tricia Parks, CEO of Parks Associates. It is up to the industry to educat more

Page(s):   of   1
© 1998-2018 Parks Associates. All Rights Reserved.