Cloud-Connected Smart Homes to Create a $28 Billion Market, Says ON World – PR Newswire (press release)









<!– Paragraph before: SAN DIEGO, Feb. 24, 2016 /PRNewswire/ – 
Smart home system installations nearly doubled last year as millions of early adopters purchased devices that were cloud connected, according to a recently published report by global technology research firm ON World. 

–><!– Paragraph After: SAN DIEGO, Feb. 24, 2016 /PRNewswire/ – Smart home system installations nearly doubled last year as millions of early adopters purchased devices that were cloud connected, according to a recently published report by global technology research firm ON World. 

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SAN DIEGO, Feb. 24, 2016 /PRNewswire/ – Smart home system installations nearly doubled last year as millions of early adopters purchased devices that were cloud connected, according to a recently published report by global technology research firm ON World. 

<!– Paragraph before: Cloud platforms combined with consumer-driven wireless sensing and control standards have made this possible.  This growth is coming from multiple channels and increasingly through bundled offerings by IP security, cable/MSO and telecom service providers. 

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<!– Paragraph After: Cloud platforms combined with consumer-driven wireless sensing and control standards have made this possible.  This growth is coming from multiple channels and increasingly through bundled offerings by IP security, cable/MSO and telecom service providers. 

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Cloud platforms combined with consumer-driven wireless sensing and control standards have made this possible.  This growth is coming from multiple channels and increasingly through bundled offerings by IP security, cable/MSO and telecom service providers. 

<!– Paragraph before: "The retail channel is growing the fastest as technology-driven consumers use the Web and YouTube to configure and install devices into their smart homes," says Mareca Hatler, ON World's research director.  "Our demographic research shows that millennials want smarter homes for safety and security and baby boomers want to use it for elderly care and home energy management."

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<!– Paragraph After: "The retail channel is growing the fastest as technology-driven consumers use the Web and YouTube to configure and install devices into their smart homes," says Mareca Hatler, ON World's research director.  "Our demographic research shows that millennials want smarter homes for safety and security and baby boomers want to use it for elderly care and home energy management."

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“The retail channel is growing the fastest as technology-driven consumers use the Web and YouTube to configure and install devices into their smart homes,” says Mareca Hatler, ON World’s research director.  “Our demographic research shows that millennials want smarter homes for safety and security and baby boomers want to use it for elderly care and home energy management.”

<!– Paragraph before: ON World's January 2016 survey of 1,000 U.S. adults found that half are willing to spend at least $60/year for various smart home services.  Almost 9 in 10 who are planning to purchase a smart home product within the next two years are most likely to purchase from a retail or online source such as Amazon, Apple Store, Home Depot or Lowe’s. 

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<!– Paragraph After: ON World's January 2016 survey of 1,000 U.S. adults found that half are willing to spend at least $60/year for various smart home services.  Almost 9 in 10 who are planning to purchase a smart home product within the next two years are most likely to purchase from a retail or online source such as Amazon, Apple Store, Home Depot or Lowe’s. 

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ON World’s January 2016 survey of 1,000 U.S. adults found that half are willing to spend at least $60/year for various smart home services.  Almost 9 in 10 who are planning to purchase a smart home product within the next two years are most likely to purchase from a retail or online source such as Amazon, Apple Store, Home Depot or Lowe’s. 

<!– Paragraph before: ON World's analysis of 900 smart home products and 300 mobile apps with 300,000 consumer ratings found that smart home hubs increased by 110% last year but individual products increased by over 150%.  The potential for cloud connected "killer apps" still exists as only 1 in 5 smart home apps integrate with each other and this is major consumer "pain-point."

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<!– Paragraph After: ON World's analysis of 900 smart home products and 300 mobile apps with 300,000 consumer ratings found that smart home hubs increased by 110% last year but individual products increased by over 150%.  The potential for cloud connected "killer apps" still exists as only 1 in 5 smart home apps integrate with each other and this is major consumer "pain-point."

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ON World’s analysis of 900 smart home products and 300 mobile apps with 300,000 consumer ratings found that smart home hubs increased by 110% last year but individual products increased by over 150%.  The potential for cloud connected “killer apps” still exists as only 1 in 5 smart home apps integrate with each other and this is major consumer “pain-point.”

<!– Paragraph before: Initiatives such as the AllSeen Alliance, Open Interconnect Consortium, Thread Group, Mozaiq operations are creating interoperability solutions.  Ultimately, the next generation browsers, cloud technologies and multi-protocol hubs will hide the networking complexity from the consumer. 

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<!– Paragraph After: Initiatives such as the AllSeen Alliance, Open Interconnect Consortium, Thread Group, Mozaiq operations are creating interoperability solutions.  Ultimately, the next generation browsers, cloud technologies and multi-protocol hubs will hide the networking complexity from the consumer. 

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Initiatives such as the AllSeen Alliance, Open Interconnect Consortium, Thread Group, Mozaiq operations are creating interoperability solutions.  Ultimately, the next generation browsers, cloud technologies and multi-protocol hubs will hide the networking complexity from the consumer. 

<!– Paragraph before: By 2020, there will be 75 million smart home systems installed worldwide generating $27.5 billion in revenues from products and services.

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<!– Paragraph After: By 2020, there will be 75 million smart home systems installed worldwide generating $27.5 billion in revenues from products and services.

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By 2020, there will be 75 million smart home systems installed worldwide generating $27.5 billion in revenues from products and services.

<!– Paragraph before: ON Word's recently published report, Smart Home Markets,” is based on surveys and interviews with 3,000+ individuals and covers 20+ product segments across four sales channels.  It may be purchased separately or as part of Set of 5 Reports

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<!– Paragraph After: ON Word's recently published report, Smart Home Markets,” is based on surveys and interviews with 3,000+ individuals and covers 20+ product segments across four sales channels.  It may be purchased separately or as part of Set of 5 Reports

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ON Word’s recently published report, Smart Home Markets,” is based on surveys and interviews with 3,000+ individuals and covers 20+ product segments across four sales channels.  It may be purchased separately or as part of Set of 5 Reports. 

<!– Paragraph before: Free executive summaries are available from ON World’s website.

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<!– Paragraph After: Free executive summaries are available from ON World’s website.

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Free executive summaries are available from ON World’s website.

<!– Paragraph before: About ON World:
ON World (http://www.onworld.com) provides global IoT business intelligence. Our market research is used by Fortune 1000 companies, startups and investors worldwide. 

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<!– Paragraph After: About ON World:
ON World (http://www.onworld.com) provides global IoT business intelligence. Our market research is used by Fortune 1000 companies, startups and investors worldwide. 

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About ON World:
ON World (http://www.onworld.com) provides global IoT business intelligence. Our market research is used by Fortune 1000 companies, startups and investors worldwide. 

<!– Paragraph before: Contact:
Mary Purvis
p: 858-259-2397
e: Email

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<!– Paragraph After: Contact:
Mary Purvis
p: 858-259-2397
e: Email

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Contact:
Mary Purvis
p: 858-259-2397
e: Email

<!– Paragraph before: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cloud-connected-smart-homes-to-create-a-28-billion-market-says-on-world-300225203.html

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<!– Paragraph After: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cloud-connected-smart-homes-to-create-a-28-billion-market-says-on-world-300225203.html

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SOURCE ON World

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