Smart Home Market Recurring Service Revenue Growing, Driven by ISPs, Says ABI

Smart home device sales will nearly double over the next 12 months on wider adoption, said an ABI Research report Wednesday. Recurring service revenue is projected to be close to a quarter of total smart home revenue by 2020, driven by providers including ADT, AT&T, Comcast, Deutsche Telekom, Lowes, Staples and Vivint, ABI said. A new generation of do-it-yourself smart home devices and systems from startups and from tech giants Google and Samsung is driving recurring revenue through data collection and storage, it said. Analyst Jonathan Collins said that security providers lead in the deployment of smart home systems now, but by 2020, cable companies, telcos and retailers will share similar subscriber bases.