Smart home market to more than quadruple

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The global smart home device market will more than quadruple in the next five years, according to IMS Research.

The market will grow from less than 20 million nodes this year to more than 90 million in 2017, according to the research, and be driven by smart home adoption and an increasing number of service providers, such as ADT, Verizon, Comcast, Time Warner and Cox, getting into the space.

To-date, ZigBee and Z-Wave technology have been favored by a number of managed service providers.

"Z-Wave and ZigBee have both gained strong traction in the North American market, deploying in managed home systems which are predominately aimed around home monitoring  with a high number of relatively low-cost nodes, such as magnetic contacts as well as in comfort and convenience applications," Lisa Arrowsmith, associate director of connectivity at IMS Research.

"In the European market, energy management is set to be the key driver of managed home system deployments, with devices such as smart plugs and HVAC controls. Here, there is a more fragmented approach to connectivity technologies, with a range of standards and proprietary technologies being used," she said.

While ZigBee and Z-Wave dominate, a range of other low-power wireless technologies are set to gain traction.

"The energy harvesting properties of EnOcean can be attractive for service providers and consumers alike, reducing maintenance and support costs," Arrowsmith said. "DECT ULE will also see significant uptake in managed systems, as it can enable existing DECT gateway customers to add home control functionality via an over-the-air software upgrade."

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