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.
The potential and the appeal for wearable devices enabled with a wireless connectivity cuts across multiple segments by extending the reach of the network to automatically track and share an individual’s daily activities. ABI Research’s mHealth Research Service segments the wearable wireless device market into four primary markets. These are:
· Sports, Fitness and Wellness,
· Home Monitoring,
· Remote Patient Monitoring
· On-Site Professional healthcare monitoring.
This Competitive Assessment report focuses on the first category only: Sports, Fitness and Wellness devices.
Wearable wireless devices in the Sports, Fitness and Wellness market measure sports performance, daily activity, sleep patterns, and other related physical parameters. Another key factor that distinguishes this market is its consumer focus and that, unlike devices in the other healthcare markets, these devices do not require FDA or other national health regulator certification.
Wearable wireless sensors for sports and fitness have been available for more than thirty years, but the market has remained relatively specialized and niche. Wearable device and short-range wireless protocol vendors have supplied professional athletes, gyms, and dedicated amateurs who were not dissuaded by high-level entry costs and proprietary systems.
A range of factors are radically changing the market. New vendors, devices, applications, and a shift to standardized connectivity are all changing the market. In the last year alone, there have been a slew of new products looking to expand the reach and potential of wearable wireless devices bringing new applications, functions, and business models. New players include start-ups and major corporations drawn by the potential for wearable devices.