Analysts See Home Automation/Security Growth From Cable, Other ISPs
The home automation and alarm monitoring markets are seeing a jump in cloud-based solutions, Imperial Capital reported, saying the market worth $23 billion could grow to $61 billion by 2024. The analysts forecast 50 million homes will have such services…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
or devices by 2024, up from 20 million now, with growth led by cable. Products like those from AT&T and Comcast had 5 percent market penetration (942,261 homes) at the end of 2015 and are projected to represent 19 percent penetration (6 million homes) by year-end 2020 and 27 percent (13 million homes) by year-end 2024.