Cloud-Based Home Management Market Set for Growth
Study Reports Estimated 44.6 million Installations by 2019
Cloud-based home management systems that allow users to remotely control household features like HVAC and lighting are set for rapid growth in the coming years, with the worldwide installed base set to rise by a factor of eight from 2013-2018, according to IHS Technology.
The global installed foundation of cloud-based home management services is projected to grow to 44.6 million at the end of 2018, up from 5.6 million at the end of 2013, said IHS. The installed base this year will surge 63 percent to 9.1 million.
“Imagine using your smartphone or tablet to detect an intruder in your home or to adjust the temperature in your living room — no matter where you are,” said Lisa Arrowsmith, associate director, connectivity, smart homes and smart cities, IHS. “Cloud-based home management makes all this possible, and much more. With a wide range of companies offering such solutions, the cloud-based home management system business will expand dramatically in the coming years.”
Cloud-based home management systems and services are designed for mass-market adoption, said the report. Other applications for these systems and services include home monitoring, energy management, and independent-
The types of companies offering cloud-based home management systems vary widely. One major group is existing service providers who have related core business lines, such as security or telecommunications providers. Other types of companies include device suppliers.
Smart home specialists are expected to play a major role in the deployment of smart home services globally. This category of companies includes both home automation providers that are moving toward a cloud-based model and a new breed of connected home specialists, such as Nest.
Information provided courtesy of IHS Technology.
Publication date: 6/9/2014