PARKS Associates estimates that more than 50 per cent of U.S. broadband households will have a smart home controller by 2020, while nearly 24 per cent will have an IP camera and 26 per cent will have a home security system.

The firm’s research also found that unit sales of IP cameras will reach 6 million in 2016, including 3.2 million first-time sales and projected that by 2017, the number of replacement or additional IP camera sales will exceed the number of first-time sales. Approximately one-fifth of U.S. broadband households own a smart home device, and more than 40 per cent are planning to purchase one in 2016.

“The number of households with home security will top 30 million by 2019, with the majority of systems being professionally monitored,” says Tom Kerber, director, research, home controls & energy, Parks Associates. “This category will see steady growth through 2020 as interactive services and home controls extend the value proposition of home security and expand the market.” ♦