Dec. 21, 2012: Home Automation Shows Strong Growth in 2012
NEW YORK — The global market for home automation services saw strong growth during 2012, driven by a wave of new entrants and offerings in the North American market, according to ABI Research. The United States in particular leads in deployments and new shipments, acting as a bellwether for markets around the world.
Even with a low-growth U.S. economy and a struggling housing market, home automation systems installed in the U.S. this year almost doubled over 2011 shipments, noted the ABI Research market study. By 2017, more than 8 million systems are forecast to ship, which would be a compound annual growth rate (CAGR) of 45.2 percent between 2011 and 2017.