Services, Apps & Software / Apps & Software

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-
living services.

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

Want more HVAC industry news and information? Join The NEWS on Facebook, Twitter, and LinkedIn today!

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: Jeremy Begley

Jeremy Begley, home-performance specialist and Web and social media manager with National Heating and Air Conditioning Co. in Cincinnati discusses how and why you should add home-performance philosophies to your contracting repertoire. Posted on Sept. 12.

More Podcasts


NEWS 09-15-14 cover

2014 September 15

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con