One-third of U.S. consumers in broadband households find remote control of appliances, thermostats, and lights via Web-enabled devices very appealing, according to a Parks Associates report. Nearly 50% find email/text notification of smoke, fire, water, or gas leaks very appealing.
The firm expects the U.S. IP-based home monitoring service market will reach $4.4 billion by 2016. It reported that U.S. security monitoring, representing 18% of U.S. households in 2010, generates up to $10 billion annually from service fees but only a small portion of that is IP-based monitoring.
The firm expects the percentage of U.S. households with professionally monitored services will expand to 30% by 2020, with consumer demand for remote monitoring, along with the expanding presence of broadband service providers, driving growth in the security market.
"With the popularity of smartphones, tablets, and other Web-enabled devices, consumers are carrying a link to their home systems," said Bill Ablondi, director, home systems research, Parks Associates.
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