The Smart Home Market could Boom by 2021


 
 
01:40 10/09/2018

One of the biggest catalysts for the “smart home” is Amazon.com AMZN .

Just last month, Amazon announced its intentions to invade your home with Alexa-powered devices to make life more convenient.

One of the ways it’ll do that is by working with Plant Refab.

“We will work with Amazon to integrate Alexa and other smart home technology they have into our standard home platforms,” says Steve Glenn, CEO of Plant Prefab, as quoted by Fast Company. “We’ll be working with them to create better integrated Alexa and other smart home technology solutions to help improve the quality of life and utility of people who live in the homes we build.”

Between now and 2020, the smart home market is expected to balloon to $43 billion, nearly tripling its value in 2014.

By 2021, research firm Parks Associates, as reported by Investor’s Business Daily says that as many as 16 million North America homes will have smart-home security by 2021, as compared to 10 million forecast for the traditional security platforms. Even better, according to Gartner Research, there could be about 25 billion Internet of Things devices, millions of which will be used to help consumers

automate their homes, according to Forbes that need to be protected.

By 2025, smart appliances, surveillance cameras and smart bulbs will be the most common types of devices with built-in voice control, according. “2018 Smart Home Devices with Voice Control” by Strategy Analytics, as quoted by Home World Business.

Control4 Corporation CTRL 

As the “smart home” story heats up, we need to identify stocks that could be swept up in the momentum, including Control4 Corporation.

The company provides smart home and business solutions in the United States, Canada, and internationally. It offers Control4 solution that function as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.

Quarterly revenue was up 13% year over year to $69.2 million, which translated to net income of $11.34 million, or 42 cents a share from 31 cents a year ago. Analysts were only looking for EPS of 32 cents a share on revenue of $68.8 million.

Control4 expects third-quarter revenue to be between $70.5 million and $72.5 million, with adjusted net income per share between $0.34 and $0.38. Both figures are roughly in line with consensus estimates. For full-year 2018, Control4 sees revenue arriving between $273 million and $276 million, which should translate to adjusted earnings per share between $1.38 and $1.45.


This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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