Smart home control market to rise to $6B by 2019, says ABI Research
AT&T (NYSE: T) and Comcast (NASDAQ: CMCSA) are among a growing group of service providers that are looking for revenue streams in the home automation market by adding connectivity and features to their routers that are traditionally used for broadband data and video services.
According to ABI Research, growing competition, new applications, and feature innovation will help drive the worldwide smart home controller market to $6 billion by 2019.
As service providers expand the reach of their home automation services into new markets, ABI said that CPE suppliers such as Cisco, Netgear, Belkin, and Technicolor are adding automation capabilities to "replace slimmer margins from their traditional broadband access equipment sales."
"Future growth in home automation controllers will increasingly come from the need to accommodate multiple application segments such as home healthcare, lighting control, security and home energy management," states senior analyst Adarsh Krisnan. "These applications and new features such as voice and gesture control, and machine learning algorithms will define controller products of the future."
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