Consulting firm Strategy Analytics has published a report revealing the top 10 smart home service providers in the United States, based on the number of service subscribers.
Consulting firm Strategy Analytics has published a report revealing the top 10 smart home service providers in the United States, based on the number of service subscribers.
Vivint won the first place with 737,000 customers subscribing to its services, followed by ADT Pulse with 692,000 users, AT&T with 308,000 users and Comcast with 280,000 users.
The top 10 service providers own collectively 2.4 million subscribers, accounting for 80% of all the subscribers. And the top two service providers in the market, Vivint and ADT Pulse, individually have double the number of subscribers compared with the third largest player AT&T.
Other service providers on the list are FrontPoint, Protection1, CenturyLink, Nexia, TWC and MONI.
All the subscriptions are fee-based and the services provided range from self-monitoring, automation, to home energy management and monitored interactive security.
According to the report, growth in the number of smart homes in the U.S. has been driven largely by the adoption of interactive security. The number of subscriptions jumped 29% to reach 8.8 million in 2016, accounting for 30% of the smart homes.
However, not all home security subscribers are willing to bring climate control, automation of lights and other smart home systems to their houses. Those who opt in full smart home solutions from service providers are customers who can afford higher monthly fees, according to the report.
By the end of 2016, there were about 30 million homes with one or more smart capabilities in the U.S. . The consulting firm predicts that, by 2017, the number will grow 20% to reach more than 35 million.
Interactive security subscriptions will continue to grow in 2017, reaching 11 million homes, accounting for 31% of all smart homes in the U.S., the consulting firm predicted.