Could your cable provider be your next home security provider? The convergence of expanding technological capabilities, lower prices, energy conservation and an increasing demand for the convenience are providing companies like Comcast with a great growth opportunity.
The idea of being able to close a garage door when away from home, receive a tweet from the refrigerator that the milk has gone sour, or control lights for security reasons is appealing to many consumers. This demand and wireless technological innovations are making the "smart home" a more affordable option, heralding a wave of companies rushing to cash in on the opportunity. This trend comes when cable companies are experiencing huge headaches, watching traditional revenue streams dry up in this age of new media as viewers drop cable and flee to online entertainment alternatives.
As a result, companies are eyeing the home monitoring business, already an $8-10 billion-a-year industry, and the moves they make regarding future features and systems have the potential to transform the American home, revolutionizing society.
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