Photo by Charbel Akhras via Flickr Creative Commons

Home security automation is just a part of the giant concept bubble that makes up a Smart Home but it proves to be very integral. Security systems along with lighting and home entertainment account for almost 58% of the US home automation market during 2010 and it is expected to reach $3.8 billion by 2016. A report from IHS Research says that consumers today are having the notion that home and family security can simply be an add-on service, instead of an individual offer. Essentially, this tells us that securing a safe home for your family will be much easier and convenient since you would no longer attend to installation and monthly fees separately, but instead be given the option of pairing home and family safety, and security with services such as video monitoring, lighting control and energy management.

 

Market Redefined

The entry of telecommunication companies and utilities in the market may have caused this drift in thinking since they play a vital role in the trend for bundled home technology services. This development now carries the potential of home security systems to have a stronger hold in the market as well as the ability to go beyond the rumored 20% increase rate.

 

Here are key factors that impact the North American home automation market from 2011 to 2017. They have maximum acquisition of smart home systems and  serve as the appropriate baseline as the region currently leads the market share.

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