Research: More Than Half of U.S. Households to Have Smart Home Controller by 2020
The research into the use of smart homes was conducted by Parks Associates.
DALLAS — Parks Associates estimates that more than 50% of U.S. broadband households will have a smart home controller by 2020, while nearly 24% will have an IP camera and 26% will have a home security system.
The firm’s research also found:
- Unit sales of IP cameras will reach 6 million in 2016, including 3.2 million first-time sales
- By 2017, the number of replacement or additional IP camera sales will exceed the number of first-time sales
- And approximately one-fifth of U.S. broadband households own a smart home device, and more than 40% are planning to purchase one in 2016.
“The number of households with home security will top 30 million by 2019, with the majority of systems being professionally monitored,” says Tom Kerber, director, research, home controls & energy, Parks Associates. “This category will see steady growth through 2020 as interactive services and home controls extend the value proposition of home security and expand the market.”
More: 28% of Americans Have at Least 1 Smart Home Device
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.
