According to Parks Associates, more than 20 percent of households across the nation will have installed IP-based multi-service home networks by 2015.
Homeowners are starting to gravitate toward energy management and bundling opportunities with IP-based security, monitoring and control features.
From a service provider perspective, Verizon, Comcast, Suddenlink and Time Warner Cable have all thrown their respective hats into the home automation ring. Both Comcast and Time Warner Cable said on their most recent earnings reports that they plan to offer home automation services to more cities and communities this year.
Parks Associates is hosting its third-annual "Smart Energy Summit: Engaging the Consumer" Feb. 28 to March 1 in Austin, Texas. The roster of announced participants includes Sprint, Verizon, Duke, Best Buy and Reliant.
At the conference, utilities, telecom and cable operators, big box retailers, and security firms will provide insights from their direct consumer experiences and discuss future partnerships. Device manufacturers, OEMs and home control platform vendors will be on hand to discuss interoperability and technology and how these solutions could be applied in the market.
Technology providers, system suppliers, transmission system operators and regulators will also discuss efforts to develop industry-wide standards, lessons from international case studies and the role of government in this market.
"Understanding the perspectives of all the market players will help attendees grow their knowledge of the industry and apply that knowledge to their company's strategy and product roadmaps," said Tricia Parks, CEO of Parks Associates. "Consumers are interested in ways to reduce energy consumption and maximize efficiency at home. Connected devices, smart grids and energy management technologies offer new opportunities for industry players to meet these needs."