May 28, 2014: Cloud-Based Home Management Market Set for Rapid Growth
Installed Base Projected to Grow to 44.6 Million at the End of 2018, Up From 5.6 Million at the End of 2013
LONDON — 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 to 2018, according to IHS Technology.
The global installed base 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.