Far EasTone Telecommunications Co (遠傳電信) yesterday launched a remote home-surveillance service, the first of its “smart home” applications to hit the local market this year.
The nation’s No. 3 telecom aims to accumulate 50,000 subscribers to its new services in the first year, president Yvonne Li (李彬) told a media briefing.
That number is expected to climb to 300,000 within three years and will help Far EasTone seize about 37 percent of the nation’s “smart home” market, Li said.
About 800,000 households would subscribe to “smart home” services, Far EasTone said.
In the early stages, the new service is to bring NT$1 billion (US30.97 million) in revenue per year and the revenue contribution would increase over time, Li said.
Subscribers are to be able to connect smartphones to an Internet-enabled home-security camera that allows them to keep an eye on their home while they are away. The service is to alert subscribers when it detects an incident, including if surveillance footage picks up an intruder.
Subscribers are to pay a monthly fee of at least NT$199 for the service plus NT$1,200 to install security cameras and other equipment.
Far EasTone views the “smart home” as a market of great potential made possible by Internet of Things applications.
Last month, Li said the arrival of the Internet of Things era would bring drastic changes to the firm’s business model, while revenue from its core business of providing Internet connectivity is expected to to fall to about 50 percent in 2020.
The global video surveillance market alone is expected to surpass US$40 billion in 2019, Far EasTone said, citing data from the Taipei-based Topology Research Institute (拓墣產業研究所).
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