Worldwide, the smart home device/home automation market is growing rapidly. According to a 2013 report from Nextmarket Insights, the current home automation systems and services market is about US$3.6 billion and is forecast to grow to around US$15 billion by 2017.
Why is this happening now after years of promises and hype about the smart home? The world’s leading cable MSOs (Multiple System Operators), broadband service providers and telcos have recognised the potential of the home services market, and are starting to offer a wide variety of new home automation and connected home services. These include home health monitoring, home security, temperature monitoring and control, remote locking and unlocking of doors and windows, turning lights off and on, water and gas leak monitoring, etc.
Standardised Wireless Communication
The technologies that enable the home services space have essentially existed for many years, but until recently, their use has mostly been restricted to those early innovators who were willing to go the extra distance to make the various disparate services, hardware and components function together. However, with the emergence and global acceptance of the ZigBee communication standard, there is finally a standardised wireless communication technology that enables easy installation and communication between the various devices and applications.