Bundled services are a major driver of smart-home technology adoption. More than 1.5 million homeowners nationwide control and manage their family's lighting, HVAC (heat, ventilation and air- conditioning), security, and manage intrusion and safety systems, by utilizing a LCD touch-screen display, the Internet, or smart phones. Applications include security, home management and control, energy management systems, and even health & wellness solutions, which are all delivered over various platforms: web-enabled, mobile with cellular and wireless communication.

According to Parks Associates, total revenues for U.S. residential security and the smart home, including equipment and monitoring, will exceed $10 billion in 2014 and reach $13 billion by 2017. Leading strategies to monetize digital content, mobile applications and services, value-added services, connected consumer electronics, and home systems were discussed at Parks Associates 18th annual CONNECTIONS™ conference in the San Francisco Bay Area this week.

From the article, "The era of the connected home, connected car, and consumer electronics" by Michal Lenchner. 

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