According to a new report from ABI Research, global demand for home automation systems was strong in 2012, driven primarily by the North American market, which saw 1.5 million systems installed in the U.S. alone.
Despite the weak economic recovery and housing market across the country, ABI said that home automation systems installed in the U.S. almost doubled 2011 shipments. ABI predicts that more than 8 million systems will ship in 2017, resulting in a compound annual growth rate of more than 45 percent between 2011 and 2017.
The report also noted that growth in the North American market is being driven by new market entrants and offerings from Verizon, Comcast and Time Warner, as well as strong demand from security vendors such as ADT and Vivint.
"Home automation adoption is moving into the mainstream as a combination of home connectivity, standardization, and a range of new sensors and devices bring an ever expanding number of players into the market," said Jonathan Collins, principal analyst at ABI Research. "Meanwhile existing players are adapting their offerings and a host of technologies and connectivity options are battling to become de facto standards."
For more information about the report, visit www.abiresearch.com.