Smart home applications may still be seen as a novelty, but in-home security is on the rise with Parks Associates forecasting that about 24 percent of U.S. broadband households will have an IP camera by 2020. The research firm added that over 50 percent will have a smart home controller and 26 percent will have a home security system.
In 2016, unit sales of IP cameras will reach the 6 million mark, a figure that includes 3.2 million first-time sales. By 2017, the number of replacement or additional IP camera sales will exceed the number of first-time sales. Consumer broadband customers are also starting to embrace smart home devices. Parks said that nearly one-fifth of U.S. broadband households own a smart home device, and over 40 percent are planning to purchase one this year. What's more, the number of households with home security will top 30 million by 2019, with the majority of systems being professionally monitored by a security company like ADT. Release