Your home is getting smarter

A very smart home - Wikimedia CommonsRevenues from installed “smart home” systems are set to grow at 21 percent CAGR between now and 2020, with the USA, Europe and Asia Pacific leading the way.

That means that revenues from smart home automation systems will generate $34 billion in revenue by 2020.

ABI Research said automation systems range from security systems, “smart plugs” and smoke and air quality monitors. Other sectors include home energy management, connected appliances, home entertainment and lighting control.

Air quality monitors are seeing something of a boom in CHina because of polltion.

Proprietary wireless technologies from United Technologies, Honeywell and Bosch Security dominate the security market because of quality of service and longer battery life.

But mesh wireless tech like Z-Wave and ZigBee are also seeing growth, said ABI. Sigma Designs’ Z-Wave is already embedded in over 1,000 interoperable devices.