The Smart Home market is reaching an inflection point. Service providers, including telcos, cable operators, and home security companies, as well as retailers and device OEMs alike are bringing a range of new hardware, services, and offers to market. Adding opportunity and complexity is the intersection of smart home services and ecosystems with wearables, new sensor technologies, big data and analytics, and health management services. Consumer IT heavyweights and startups alike are driving adoption with a growing range of simple to install connected device, pushing smart home services into more and more homes and forcing long standing specialists to adapt in order to compete. Surviving in the new competitive environment means staying hyperaware of a range of vectors – the latest consumer product and service trends, emerging connectivity options, product mixes, service delivery and platform approaches, and eco-system partner developments.
This sector tracks these ongoing developments to provide deep-dive supplier assessments across smart home connectivity, devices, platforms, and services. Market data is provided for shipments, installations, and revenues for smart home systems, devices, controllers, consumer appliances, and service provider verticals. This sector is particularly relevant to those who are looking to embrace the opportunity of new service markets and extended customer relationships born from advances in wireless applications and networking technologies. The smart home is a key proving ground for the consumer IoE.
Prior to the emergence of managed home automation services (which are now increasingly offered by telcos, cable operators, utilities, and security companies), the majority of home automation systems were custom designed and installed by professional integrators (many of whom are members of the Custom Electronic Design & Installation Association, or CEDIA for short). This report offers an analysis of the custom-install market and discusses the implications of home automation being provided as a service. Five year forecasts of system shipments and revenues, split by major geographic region, market segment (mainstream versus luxury), and type of installation (retrofit versus new build), are provided. The leading players in the market are also reviewed, alongside a discussion on the key inhibitors and drivers of growth and technological developments within this space.