Smart Home Biz: $7.6 Billion this Year

According to a report from Strategy Analytics, increasing demand for broadband-enabled home security and control systems will drive U.S. revenues for smart home systems and services to $7.6 billion in 2012. More than 8% of U.S. homes are expected to contain at least one smart home product or service by the end of this year; the most popular are self-controlled and self-monitoring systems like video cameras, motion sensors, lighting and thermostats.Strategy Analytics predicts that IP-based security systems and services will account for nearly one-third of the $24.3 billion total smart home market in 2017.