THE CONNECTED-HOME: Forecasts And Growth Trends For The Leading ‘Internet Of Things’ Market

THE CONNECTED-HOME: Forecasts And Growth Trends For The Leading ‘Internet Of Things’ Market

Read more: http://www.businessinsider.com/connected-home-forecasts-and-growth-2014-9#ixzz3EoKbroUm

“Here are some key points from the report:

• Connected-home device shipments will grow at a compound annual rate of 67% over the next five years, and hit 1.8 billion units shipped in 2019, according to BI Intelligence estimates. Connected-home devices include all smart appliances (washers, dryers, refrigerators, etc.), safety and security systems (internet-connected sensors, monitors, cameras, and alarm systems), and energy equipment like smart thermostats and smart lighting.
• The connected-home category will make up about 25% of shipments within the broader Internet of Things category this year, but that share will increase gradually to roughly 27% in 2019 based on our forecast, as growth in other IoT areas picks up.
• Connected-home device sales will drive over $61 billion in revenue this year. That number will climb at a 52% compound annual growth rate to reach $490 billion in 2019.
• Home-energy equipment and safety and security systems, including devices like connected thermostats and smoke detectors, will become popular first, leading the way to broader consumer adoption. “

Read more: http://www.businessinsider.com/connected-home-forecasts-and-growth-2014-9#ixzz3EoKncdX7

Stephen