Smart homes on the rise in the USA
July 7, 2011
A new report by Berg Insight shows that the number of new smart home installations worldwide was 0.44 million in 2010 and is expected to reach 5.38 million by 2015. The total revenues will increase from US$ 2.3 billion in 2010 to almost US$ 9.5 billion in 2015.
The niche segment of smart homes and connected home technologies have been around for decades but things are changing for this industry due to a confluence of market, regulatory, strategic and technology trends. Consumers want to be able to use products such as iPhones and iPads to control their lifestyles through user-friendly interfaces.
Broadband providers who are already inside consumers’ homes are looking for new opportunities to increase ARPU, reduce churn and become complete solution providers. Technology is now coming together with increasing focus on interoperability. There is an increasing shift in smart home technology adoption from custom and luxury residences to mainstream and production homes. Almost 4% of mainstream homes will have some form of automation by 2015.
