Cellular M2M connections are forecast to grow from 135 million in 2011 to 2.3 billion by 2020, as research from Parks Associates shows a great potential for service providers in the emerging connected home market. For example, 12 percent of US consumers and 9 percent of Western European consumers are highly interested in home security and home automation, and 19 percent of Western European consumers are highly interested in an energy monitoring service.

"With their large subscriber bases, existing marketing channels and retail presence, service providers are well positioned to win a significant share of the connected device markets," said Kurt Scherf, Vice President and Principal Analyst at Parks Associates. "Amdocs' solutions offer low cost of entry, support for many industry verticals and the proven integration capabilities needed by a service provider to quickly deliver a truly personalized experience for their partners and subscribers."

From the article, "Solutions enable service providers to add new revenue streams and increase average revenue per user"

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