Global revenues from smart home automation systems are projected to grow at a compound annual growth rate (CAGR) of 21% over the next five years, with revenues reaching $34 billion in 2020, according to ABI Research.
In the United Kingdom revenues from smart home related hardware, services and installation fees will exceed $1.7 billion in 2016 and grow at a 16% CAGR to nearly $2.8 billion by 2020 when roughly 8.7 million homes or nearly 30%, will have at least one type of smart system installed. This is the forecast of research firm Strategy Analytics.
William Ablondi, writer of the 2016 Smart Home Systems & Services Forecast, will be one of more than 180 speakers at the 2nd Annual Smart Home Summit, Europe’s leading conference and exhibition covering the Smart Home market.
Smart Home Summit is a two-day conference and exhibition exploring the opportunities and innovations that technology is bringing to the home. Attendees can expect extensive analysis of the Home Automation landscape focusing on the drivers, hurdles and opportunities for different stakeholders within the ecosystem.
The Smart Home Summit is one of three tracks of Smart Summit London, a two-day conference covering the Internet of Things (IoT) ecosystem and its impact on homes, cities and industries. The event features three in-depth event tracks: the Smart Home, Smart Cities and the Industrial Internet of Things. Each track (summit) comprises more than 20 different topical sessions led by decision makers from leading global organisations.
For more information on the event in London on the 21st and 22nd September, including how to register for your free place, visit www.iotsmartsummitlondon.com.