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, convenience, control, awareness, and cost and energy savings. This concept also extends to the role 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 develop the home as a dynamic grid asset that helps shift and shed load, generate clean energy, and contribute to grid reliability.
Though there are many challenges to overcome before this vision can be achieved, several vendors have introduced solutions that bring the smart home a step closer to its full potential. The release of the Amazon Echo in 2014 has had a significant influence on the residential sector by demonstrating to consumers the potential benefits of the smart home and how connected smart technologies can enhance their lives. Amazon is a clear Leader in the smart home market due to how it seized the opportunity with its voice-activated devices and is pushing the boundaries of integrated smart home devices and services. The market is still consolidating, however, and the competitive landscape is fierce.
This Navigant Research Leaderboard examines 15 smart home solutions providers. Much like the smart home market itself, this Leaderboard includes a range of players, from large incumbent tech companies to service providers with a footprint in the residential space to startups disrupting the market. These players are rated on 10 criteria: vision; go-to market strategy; interoperability; technology; geographic reach; sales & marketing; solution performance & reliability; comprehensiveness; pricing; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing an objective assessment of their relative strengths and weaknesses in the global smart home market.
Top 10 Vendors:
3. Vivint Smart Home
9. Centrica Connected Home