Dec
16
Cable, Wireless Players Try to Snare Piece of $4.2B Connected-Home Business
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The connected-home market is seeing an influx of marketing for ready-made “bundled” solutions from companies ranging from AT&T to Comcast’s Xfinity, which are trying to use their existing in-home presence as a foothold in a blossoming market.
The U.S. home-automation market is expected to jump to $6.8 billion by 2018 from $4.2 billion last year, according to ABI Research. During that time, ABI estimates the number of systems installed will leap to 11.9 million from 1.6 million.
“The intensity of the category has stepped up in the last six to 12 months,” said Tony Wells, chief marketing officer at home-security giant ADT.
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