November 1, 2011
A new report from On World Inc titled ‘Smart Home Sensor Networks’ indicates that within the next five years, affordable Smart Home systems will reach tens of millions of homes worldwide, enabled by an expanding IP infrastructure, smart mobile devices, cloud services, and sensor network technologies.
Smart Home sensor network chipset shipments will approach 100 million worldwide in 2015, enabling nearly $6 billion in cloud services for energy and home service providers. Adoption of Smart Home sensor networking is accelerating in several channels and business models are evolving rapidly.
Some of the findings included:
• Cloud services for smart home applications will increase by a 103% compound annual growth rate between 2010 and 2015
• Smart home sensor network systems based on IPv6 are a growing trend and, in addition to the migration to ZigBee Smart Energy 2.0, there are several service providers that currently offer IPv6 based Smart Home systems.
• A survey with over 500 consumers found that 4 out of 5 are interested or very interested in applications such as security, safety, lighting and energy management.
• 29% are willing to spend $10 or more per month for a Smart Home cloud service.