US connected home service bundles to generate half a billion dollars this year

Bundles of connected home services provided by US communications service providers (CSPs) will generate around US$ 500mn this year, according to new research by Parks Associates.

These bundles include home automation, control and security monitoring services, and are becoming “critical” for service providers in achieving customer retention and subscriber growth, according to Stuart Pikes, President of Parks Associates.

The research firm is now predicting that over 50% of Western European households will have a data network by the end of 2012, creating the foundation for new service deployments such as remote home monitoring and energy management.

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