Market Research Report
The Smart Home - Integrated Hardware, Software and Service Platforms for the Smart Home: Global Market Analysis and Forecasts
|Published by||Navigant Research||Product code||567997|
|Published||Content info||64 Pages; 33 Tables, Charts & Figures
Delivery time: 1-2 business days
|The Smart Home - Integrated Hardware, Software and Service Platforms for the Smart Home: Global Market Analysis and Forecasts|
|Published: October 17, 2017||Content info: 64 Pages; 33 Tables, Charts & Figures||
The concept of a smart home has the potential to revolutionize the way people interact with their homes. Homes that act intuitively and intelligently through an ecosystem of communicating devices, software, and services can enrich consumers' lives by fostering increased comfort, awareness, convenience, and cost and energy savings. This concept also extends to the role that the home can play in transitioning the grid from traditional, centralized generation to the Energy Cloud. The automation and data stemming from smart technologies can enable the home to become a dynamic grid asset that helps shift and shed load, generate clean energy, and contribute to grid reliability.
However, many challenges must be overcome before this vision can be achieved. The market is at such an early stage that an agreed upon definition for the smart home does not exist. It is fragmented with various standards and protocols that have plagued the residential space with interoperability issues. Yet, the smart home is a concept that vendors are increasingly investing in and service providers are marketing to their consumers. This market is gaining traction, and smart home solutions likely represent the future of the residential Internet of Things (IoT) and a vital component of the digital grid. According to Navigant Research, global smart home platform revenue is expected to to increase from $4.2 billion in 2017 to $39.5 billion in 2026.
This Navigant Research report analyzes the global smart home market, with a focus on residential IoT hardware, software, and services and smart home platforms. The study provides an analysis of the market issues, including value propositions, market channels, and drivers and barriers, related to the smart home. Global market forecasts, segmented by region, device type, and segment, extend through 2026. The report also examines the key devices and technologies associated with the smart home, as well as the competitive landscape.