38 Million Smart Homes by 2015, Says ON World

SAN DIEGO, Oct. 25, 2011 /PRNewswire/ -- Chances are your home will soon become smarter, according to ON World, a technology research firm.  Cloud based services offered by ADT, Comcast, Rogers, Verizon, and Vivint provide affordable solutions that consumers are adopting today for advanced security, lighting controls, energy management, and whole home automation.  

"There are almost as many ways to deliver Smart Home services as there are Smart Home system variations," says Mareca Hatler, ON World's director of research.  "Broadband and security service providers are the first to offer mass market solutions and we are seeing disruptive offerings in the cable TV, mobile, and retail channels."

RWE in Germany offers a do-it-yourself IPv6 based Smart Home system and Verizon provides a newly launched self-monitoring service for less than $10 per month, illustrating the aggressive pricing and diversity of Smart Home business models today.  Google's open source Android@Home framework provides another channel for creating next generation, mobile centric Smart Home solutions such as Lighting Science Group's communication-enabled LED light bulbs.

A few of ON World's findings include:

• In 2015, 38 million households worldwide will have a Smart Home system.
• Energy management equipment will increase by a 56% compound annual growth rate (CAGR) over the next five years.
• Smart Home cloud service revenues-- including home monitoring, energy services, and apps— will reach $5.8 billion worldwide in 2015.
• ZigBee and Z-Wave will have more than half of the sensor network market in 2015 but emerging technologies such as WiFi and 6LoWPAN will grow even faster.

Based on interviews with 900 individuals, ON World's latest report, "Smart Home Sensor Networks," covers the global Smart Home market opportunities enabled by sensor networking including whole home automation, energy management, interactive security, lighting controls and home health.  The report synopsis and a free executive summary are available from: http://www.onworld.com/smarthomes

About ON World:

ON World Inc. provides world class business intelligence on smart technology markets.  Our market research and information services are sold to Fortune 1000 companies, service providers, venture capitalists, and startups worldwide.  Website: http://www.onworld.com

Contact:
Mary E. Purvis
p: 858-259-2397
e: [email protected]

SOURCE ON World