Home automation to 'approach $12bn in 2015'
Revenue from shipments of home automation systems will exceed $11.8bn in 2015, according to analyst firm ABI Research.
The home automation market is approaching an inflection point beyond which its growth rate will increase significantly, ABI claimed.
Vendors are taking advantage of standards-based wireless and powerline technologies to drive down costs and expand the addressable market. Companies in related markets such as security and telecom see home monitoring and managed home automation services as a means of accelerating growth. And utilities can use home automation technologies to help homeowners reduce power usage.