Type of Article: MacTech Blog

Global revenues from smart home automation systems will grow at a 21% CAGR [compound annual growth rate] between 2015 and 2020, according to ABI Research (www.abiresearch.com). North America will account for the lion’s share of the smart home automation system revenues in 2020, contributing close to 46% globally, followed by Europe and Asia-Pacific, says the research group.

“Higher quality of service assurance and longer battery life are primary drivers for the continued adoption of proprietary technologies in smart home security”

The worldwide consumer Wi-Fi equipment market increased 5% in 2014, surpassing 166.1 million unit shipments, according to ABI Research (www.abiresearch.com).

The Technavio (www.technavio.com) research group has published a report saying the global tablet touchscreen market is expected to grow at a CAGR [compound annual growth rate] of 11.5% from 2015-2019.

The report draws attention towards the availability of low-cost tablets as well as increased internet penetration in emerging markets like China and India, which has led tablet shipments to increase by a significant amount.

Research firm Parks Associates (www.parksassociates.com) reports 47% of U.S. broadband households have privacy or security concerns about smart home devices. The connected home industries need to formalize strategies, such as consumer privacy rights, in order to push these markets forward, according to the research group.

Video infrastructure markets, including broadcast pre- and post-production, video encoding, and VOD and CDN hardware, continue to grow at a relatively healthy pace of 37% over the next five years, despite the impact of virtualization separating hardware and software requirements, according to ABI Research (www.abiresearch.com).