The home automation industry is growing — fast. A 2013 study predicted the home automation and control systems market (including the global lighting control, security control, access control, HVAC control, entertainment control, communication standards and protocols, and outdoor control markets) to be worth $48.02 billion by 2018.
What does this mean? This is an area that more service providers are working in and will provide further business opportunities in the future. Already, many people are moving towards “the connected home” by adopting smart features like automatic temperature controls and remote home security systems.
It’s likely that home automation will also further complicate residential networks, as subscribers add more and more devices to their homes. Service providers will therefore need to find ways to facilitate remote management and troubleshooting, or else face increased support calls and truck rolls.