Smart Home Ecosystem Infographic
While the global smart home market is expected to reach US$123 billion by 2022, up from US$56 billion in 2018, today’s smart home ecosystem is immensely complicated, and it will need to diversify and be more collaborative so vendors can increase their market share. ABI Research’s strategic Smart Home Ecosystem Infographic identifies more than 150 vendors in six main service sectors, including Home Entertainment & Media Management, Energy Management, Security, Home Maintenance, Health, and Personalization. Each service sector has an array of platform providers, such as Amazon and Samsung in Health and Apple, ADT, AT&T and Google in Home Maintenance, as well as numerous solutions and suppliers ranging from voice control and smart plugs to Electrical Vehicle (EV) chargers and radiator valves. This infographic provides vision on where players need to position themselves to maximize their return on investment, create new revenue streams, identify which channel partners will maximize their go-to-market strategies and zero in on the real competitors for mergers and acquisitions as well as product development.Download
Reports & Data
In December, major U.S. retail chain Office Depot launched a smart home installation service that is available from all of its 1,400 retail locations across the country. The move was the latest in a growing trend among retailers to integrate smart home installation alongside off-the-shelf devices. It is a trend that can seem to contradict much of the direction of the smart home market in a decade where devices and systems have gained traction through more user-install friendly devices and systems. However, the drive for installation services illustrates something more nuanced.
Z-Wave’s guarantee of interoperability will be helpful as Silicon Labs attempts to move the protocol into wider markets that include smart homes and the IoT.
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The smart home data feed is a resource that can be leveraged to improve, extend and drive greater revenues for those vendors accessing to the data. These can range from smart home device OEMs, to smart home system providers or third-party service providers. It is the smart home data feed that is driving much of the investment and growth in smart home development and adoption. This presentation examines the appeal and availability of smart home data and how it is shaping the smart home market.
This webinar will address the following questions:
- What standards are supporting smart home data exchange?
- How will value be realized from smart home data?
- How is smart home data collection fueling smart home adoption?
- How valuable is voice control and AI in the smart data realm?
- Who is best placed to leverage and exploit smart home data?
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