Telecom Lead America: Smart Home market revenues are
estimated to reach at $60bn by 2017, rising from $25 billion this year,
according to Juniper Research.
The report said that players such as Apple, Google and
Microsoft will play a major role within the smart home.
The Smart Home market revenues will be driven by strong
growth within the Smart Home Entertainment segment, along with contributions
from other segments including Smart Monitoring & Control and Smart Health.
The smart home entertainment segment will account for 82
percent of the total service revenue by 2017, driven by North America and
With improving broadband connectivity, new applications
and enhanced services such as connected TVs, home automation systems and smart
meters have emerged
The report said that these new and improved applications,
connected via broadband (mobile or fixed) network systems, will increase the
service revenue attributable to the area.
The report noted that there are many definitions that can
be attributed to the smart home concept and these definitions have evolved over
the years to include different facets of connected life such as entertainment,
control, security and health.
Cable operators and broadband service providers have a
major role to play as they have an existing billing relationship with the
consumers. Bundling other features into existing services enable them to be in
a much better position within the pyramid, compared to other new entrants,”
said Nitin Bhas , report author.
Revenues for smart home systems and services in U.S. will be
$7.6 billion in 2012
Recently, Strategy Analytics said that U.S revenues for
smart home systems and services will be $7.6 billion in 2012.
The main drivers will be increasing demand for
broadband-enabled home security and control systems.
Strategy Analytics’ study said that more than 8 percent
of US homes will own at least one smart home product or service in 2012. The
most popular are self-controlled and self-monitoring systems like video
cameras, motion sensors, lighting and thermostats.