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Smart home revenues to reach an estimated US$60 billion by 2017

A new report from Juniper Research has valued the ‘Smart Home’ market at $60 billion by 2017, rising from $25 billion this year. The increase will be driven by strong growth within the Smart Home Entertainment segment, along with...


June 28, 2012  


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A new report from Juniper Research has valued the ‘Smart Home’ market at $60 billion by 2017, rising from $25 billion this year. The increase will be driven by strong growth within the Smart Home Entertainment segment, along with contributions from other segments including Smart Monitoring & Control and Smart Health.

The report ‘Smart Home Ecosystem: Connected Devices, Service Models & Revenues 2012-2017,’ noted that there are many definitions that can be attributed to the smart home concept and these definitions have evolved over the years to include different facets of connected life such as entertainment, control, security and health.

“With the role of broadband connectivity moving beyond its traditional use cases, new applications and enhanced services have emerged such as connected TVs, home automation systems and smart meters,” the research firm said.

“These new and improved applications, connected via broadband (mobile or fixed) network systems, will increase the service revenue attributable to the area.”

The new report observed that no stakeholders or individual members of the smart home ecosystem can succeed in isolation and that operators, content providers and vendors need to collaborate for a mutually beneficial business model.