Taking the Temperature of the Smart Home Market with Google’s Nest Deal

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1Q 2014 | IN-1018195

 

Google Acquires Nest Labs

NEWS


Google announced its acquisition of Nest Labs for US$3.2 billion. The Palo Alto, California-based start-up first launched its Nest Thermostat in 2011. The deal represents Google’s second largest acquisition after spending US$12.5 billion for Motorola Mobility in 2012. It also heralds a new battle for smart home management.

Nest: Mostly a Single Product Company in Mostly a Single Market

IMPACT


Both the timing and valuation of the Nest deal highlight a growing acceptance that the smart home market is set for significant growth. ABI Research forecasts that home automation system deployments will grow from 5 million units in 2013 to 27 million units in 2018, a CAGR of 49% over the pe...

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