Register

I agree with the Privacy Policy

CE Pro

Capturing Middle-Income Buyers: The New Sweet Spot for Smart Home Sales

November 04, 2014

Skeptical integrators believe the mid-level market for home automation is all going to go DIY, with homeowners opting for apps that that give them silos of home control but not real integrated home automation.

But according to data from Parks Associates, money spent on home automation services, that is installation, monitoring and maintenance, is expected to nearly triple from 2012 to 2017. In all the data reveals that an estimated $30.5 billion (that’s billion with a “b”) will be spent on home automation services in 2017 compared to $8.1 billion spent in 2012.

To be exact, that is a 276 percent growth rate. At the same time, the amount spent on hardware is expected to grow from $13.7 billion to $41.3 billion. Overall, the combined home automation hardware and services revenues are expected to have a compounded annual growth rate (CAGR) of 27 percent per year.

So much for just DIY only.

From the article "Capturing Middle-Income Buyers: The New Sweet Spot for Smart Home Sales" by Jason Knott.

Previously In The News

Questions I’ll Ask 28 Companies at Parks’ Connections Conference (A-L)

I haven’t been to a Parks Associates Connections conference in way too many years – since “home gateways” were all the rage – and I can’t wait to attend this one, May 13-15 in San Francisco. Th...

Bring Back the Smart Residential Gateway for Home Automation Success

Internet providers and black-box makers have all the faculties to create a better support scheme, but there really is a serious disconnect. Comcast broadband doesn’t communicate with Xfinity Ho...

Z-Wave Launches Next Gen Chipset, Apps

“Home control services are one of the fastest-growing technologies in the market, driven by consumer desire for enhanced security, home monitoring, energy management and convenience. With the proli...

JJ Changes Tune: Smart Bulbs Not So Stupid After All

Smart bulbs have always seemed like a dumb idea to me: Pay $60 to $100 for a screw-in LED and then control it with your phone. That’s a lot of money for a single light vs. a switch that can control...

1
2
3
4
5
6
›