The installed base of cloud-based home management services is projected to grow from 5.6 million at the end of 2013, to 44.6 million at the end of 2018, according to research firm IHS.
Cloud-based home management systems are aimed at mass market adoption. They let homeowners control their home devices even when away from the home, using a smartphone, tablet, or computer. Applications include energy management, HVAC control, home monitoring, lighting control, and independent living services.
IHS reported that a variety of pricing models for smart home services and systems can vary by country or region, as well as by company type.
Smart home specialists have historically accounted for the highest proportion of the market, but other company types are gaining market share. These include security providers, telecommunications companies, utility companies, security providers, retailers, and device suppliers, are gaining market share in the smart home service market.
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