Analysts See Home Automation/Security Growth From Cable, Other ISPs
The home automation and alarm monitoring markets are seeing a jump in cloud-based solutions, Imperial Capital reported, saying the market worth $23 billion could grow to $61 billion by 2024. The analysts forecast 50 million homes will have such services…
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or devices by 2024, up from 20 million now, with growth led by cable. Products like those from AT&T and Comcast had 5 percent market penetration (942,261 homes) at the end of 2015 and are projected to represent 19 percent penetration (6 million homes) by year-end 2020 and 27 percent (13 million homes) by year-end 2024.