2Q 2018

Residential IoT Market Overview

Hardware, Software, Services, and Networking Technologies for Connectivity and Interoperability in the Home: Global Market Analysis and Forecasts

The Internet of Things (IoT) is a term that represents a spectrum of technologies ranging from connected devices to software to cloud computing. Residential IoT represents the framework of technologies that are fundamental to supporting connectivity, communications, and interoperability in the home. It relies on connected sensors to collect data that is transmitted, aggregated, and analyzed to deliver actionable insights. This technology infrastructure enables concepts like the smart home, as well as a variety of other business models and use cases brought to life by increased digitization, such as home security, healthcare, entertainment, energy efficiency, insurance, and more. IoT is already present in the home, and it continues to gain momentum as technologies emerge that enhance and add value to consumers’ lives.

This market represents a world of opportunity for stakeholders that can capitalize on connectivity. There are more connected devices and more data than ever before. The industry is only beginning to scratch the surface of the opportunity associated with data, but companies are already employing artificial intelligence (AI) techniques to create new use cases and services related to IoT. Consumers are more aware of the benefits of IoT, and the market and its supporting technologies are maturing. However, many challenges must be overcome. A lack of interoperability significantly plagues this market and consumers are increasingly conscious of data privacy. Companies are also struggling to monetize IoT. Until this market is more mature and accessible to the masses, residential IoT growth will be limited.

This Navigant Research report examines the global market for residential IoT solutions, including connected devices, software, and services. The study analyzes the market drivers, barriers, trends, and use cases associated with residential IoT. Global market forecasts, segmented by device type and region, extend through 2027. The report also explores the key technologies and device types related to residential IoT, as well as the competitive landscape.

Pages 71
Tables | Charts | Figures 46

  • What is residential Internet of Things (IoT)?
  • What devices does residential IoT encompass?
  • What are the market drivers and barriers for the global residential IoT market?
  • What are the emerging use cases for residential IoT?
  • How are companies monetizing IoT and what types of business models address this market?
  • What are the regional regulations related to IoT?
  • How quickly is the residential IoT market expected to grow over the next decade?
  • Which companies are the key players in this market?

  • Connected device manufacturers
  • Smart home and home automation platform vendors
  • Security system vendors
  • Elderly care and assisted living solutions providers
  • Health and wellness providers
  • Telecommunications providers
  • Energy suppliers
  • Regulators
  • Investor community

1. Executive Summary

1.1   Introduction

1.2   Market Drivers

1.3   Market Barriers

1.4   Market Forecast

2. Market Issues

2.1   Defining Residential IoT

2.2   Market Drivers

2.2.1   Proliferation of Residential IoT Devices

2.2.2   More Data, More Opportunity

2.2.3   AI

2.2.4   Voice Activation

2.2.5   Emerging Use Cases

2.2.6   Consumer Awareness

2.2.7   Development of Supporting Technologies

2.3   Market Barriers

2.3.1   Interoperability

2.3.2   Data Privacy and Security

2.3.3   Monetizing IoT

2.3.4   Meeting Consumer Expectations

2.3.5   Cost

2.4   Market Trends

2.4.1   Transitioning to Solutions

2.4.2   Cellular as a Home Networking Solution

2.4.3   Integrating DER

2.4.4   Partnerships

2.4.5   New Verticals

2.4.6   Regional Trends

2.4.6.1   North America

2.4.6.2   Europe

2.4.6.3   Asia Pacific

2.4.6.4   Rest of the World

2.5   Use Cases

2.5.1   Energy

2.5.2   Security

2.5.3   Automation

2.5.4   Entertainment

2.5.5   Insurance

2.5.6   Health

2.6   Residential IoT Business Models

3. Technology Issues

3.1   Hardware

3.1.1   Smart Meters

3.1.2   Smart Thermostats

3.1.3   Connected Lighting

3.1.4   Smart Appliances

3.1.5   Security & Home Management

3.1.6   Smart Plugs

3.1.7   Voice-Activated Speakers

3.1.8   Smart Home Gateways

3.1.9   EV Chargers

3.1.10   Solar PV

3.1.11   Residential Energy Storage

3.2   Network

3.3   Software

3.3.1   AI

3.3.2   Computing Capabilities

3.4   Services

3.4.1   Maintenance and Remote Diagnostics

3.4.2   Security Monitoring

4. Key Industry Players

4.1   Introduction

4.1.1   Ayla Networks

4.1.2   Bluetooth SIG

4.1.3   Deutsche Telekom

4.1.4   DSR Corp.

4.1.5   EDP

4.1.6   EnOcean Alliance

4.1.7   eQ-3

4.1.8   GreenCom Networks

4.1.9   Innominds

4.1.10   Intel

4.1.11   LoRa Alliance

4.1.12   Nest Labs

4.1.13   Oracle

4.1.14   Overkiz

4.1.15   Particle

4.1.16   People Power

4.1.17   SmartONE Solutions

4.1.18   Thread Group

4.1.19   Zigbee Alliance

5. Market Forecasts

5.1   Forecast Methodology

5.1.1   Global Residential IoT Device Shipments

5.1.2   Global Residential IoT Device Revenue

5.1.2.1   North American Residential IoT Device Revenue

5.1.2.2   European Residential IoT Device Revenue

5.1.2.3   Asia Pacific Residential IoT Device Revenue

5.1.2.4   Latin American Residential IoT Device Revenue

5.1.2.5   Middle East & Africa Residential IoT Device Revenue

5.2   Conclusions and Recommendations

6. Acronym and Abbreviation List

7. Table of Contents

8. Table of Charts and Figures

9. Scope of Study, Sources and Methodology, Notes

  • Residential IoT Device Revenue by Region, World Markets: 2018-2027
  • Residential IoT Device Shipments by Region, World Markets: 2018-2027
  • Residential IoT Device Shipments by Type, World Markets: 2018-2027
  • Residential IoT Device Revenue by Type, World Markets: 2018-2027
  • Residential IoT Device Revenue by Type, North America: 2018-2027
  • Residential IoT Device Revenue by Type, Europe: 2018-2027
  • Residential IoT Device Revenue by Type, Asia Pacific: 2018-2027
  • Residential IoT Device Revenue by Type, Latin America: 2018-2027
  • Residential IoT Device Revenue by Type, Middle East & Africa: 2018-2027
  • Proliferation of IoT Devices
  • What to Do with Alexa
  • IoT Protocols by Application
  • What the New EU GDPR Means in 1 Minute
  • Residential IoT Value Propositions
  • Comcast’s Xfinity Home Security and Automation Platform
  • Philips Hue and Razer IoT Entertainment Solution
  • Spectrum of IoT for Home Healthcare
  • Shifting toward IoT Business Models
  • Residential IoT Devices in the Home
  • Amazon Echo, Apple HomePod, Google Home
  • Example of IoT Technology Stack by Application
  • Venn Diagram of AI Technologies
  • Deep Learning for Image Recognition
  • British Gas Boiler IQ Service Packages

  • Smart Appliances by Feature and Price
  • Residential IoT Device Shipments by Region, World Markets: 2018-2027
  • Residential IoT Device Installed Base by Region, World Markets: 2018-2027
  • Residential IoT Device Revenue by Region, World Markets: 2018-2027
  • Residential IoT Device Shipments by Type, World Markets: 2018-2027
  • Residential IoT Device Installed Base by Type, World Markets: 2018-2027
  • Residential IoT Device Revenue by Type, World Markets: 2018-2027
  • Residential IoT Device Shipments by Type, North America: 2018-2027
  • Residential IoT Device Installed Base by Type, North America: 2018-2027
  • Residential IoT Device Revenue by Type, North America: 2018-2027
  • Residential IoT Device Shipments by Type, Europe: 2018-2027
  • Residential IoT Device Installed Base by Type, Europe: 2018-2027
  • Residential IoT Device Revenue by Type, Europe: 2018-2027
  • Residential IoT Device Shipments by Type, Asia Pacific: 2018-2027
  • Residential IoT Device Installed Base by Type, Asia Pacific: 2018-2027
  • Residential IoT Device Revenue by Type, Asia Pacific: 2018-2027
  • Residential IoT Device Shipments by Type, Latin America: 2018-2027
  • Residential IoT Device Installed Base by Type, Latin America: 2018-2027
  • Residential IoT Device Revenue by Type, Latin America: 2018-2027
  • Residential IoT Device Shipments by Type, Middle East & Africa: 2018-2027
  • Residential IoT Device Installed Base by Type, Middle East & Africa: 2018-2027

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