Market Research Report
Market Data - Smart Home Hubs - Hubs, Smart Speakers, Appliances, Routers, and Smart TVs Enabling Communications in the Smart Home: Global Market Analysis and Forecasts
|Published by||Navigant Research||Product code||912240|
|Published||Content info||21 Pages; 28 Tables, Charts & Figures
Delivery time: 1-2 business days
|Market Data - Smart Home Hubs - Hubs, Smart Speakers, Appliances, Routers, and Smart TVs Enabling Communications in the Smart Home: Global Market Analysis and Forecasts|
|Published: September 25, 2019||Content info: 21 Pages; 28 Tables, Charts & Figures||
One of the most fundamental issues in the smart home is the fragmentation of different products and communicating technologies. This fragmentation has led to a lack of interoperability among devices in the home. Smart home hubs have bridged this gap to create a better smart home user experience. However, hubs have become a necessary evil for enabling better smart home functionality, and these devices often serve little purpose outside of creating interoperability.
As component prices have declined and the market sees increased consolidation around a few communicating technologies, manufacturers are embedding the technology associated with hubs into existing product portfolios. These moves create fewer barriers, provide a better user experience for consumers, and enable vendors to own the customer experience around the smart home. Smart home hubs are eliminating the need for smart home hubs in their current form, decreasing barriers to entry for consumers, increasing interoperability between products, creating smarter homes, and creating a new meaning for the term smart devices. However, broader issues such as consumers' concerns surrounding cybersecurity and manufacturers' uncertainty about ROI when building Internet of Things (IoT) products hold back some manufacturers from fully embracing this trend.
This Navigant Research report addresses several key product categories that are expected to foster device interactions in the home. These include traditional smart home hubs, smart speakers, smart appliances, routers, and smart TVs. The study provides an analysis of the market drivers, barriers, and overall trends. Global market forecasts, segmented by device type and region, extend through 2028.