2Q 2019

The Smart Home Overview

Connected Hardware, Software, and Services in the Home: Global Market Analysis and Forecasts

The smart home has the potential to revolutionize the way we interact with technology. Smart homes allow stakeholders to better engage and retain customers, increase satisfaction, and generate new revenue streams. Stakeholders are driving adoption of connected devices and growing the number of touch points in the home to generate user data. More data leads to more opportunity to drive additional value and generate new revenue streams. Platforms such as Amazon Echo, Google Home, and Apple HomeKit are spurring excitement and demonstrating the benefits of controlling connected devices with voice.

However, the smart home is still a long way from being able to act intelligently and independently. As mainstream consumers gain more access to smart home technologies, many struggle to use the devices or access the benefits desired from the products. Smart homes are plagued with basic technology issues. Not all devices work together seamlessly. Data privacy and security issues deter customers, as does the price premium of smart devices. Despite these obstacles, the smart home is gaining mindshare among consumers and transitioning from an emerging market to a mainstream industry. Navigant Research expects to see significant growth in the future as homes become even smarter.

This Navigant Research report analyzes the global market for smart home platforms. The study provides an analysis of the market issues related to smart home technology, including drivers such as device availability, developing technology, and myriad value propositions. Global market forecasts, segmented by device type and region, extend through 2028. The report also examines the key industry players related to smart home platforms.

 

Pages 54
Tables | Charts | Figures 24
  • What is the smart home?
  • What are smart home devices?
  • What software exists for the smart home?
  • What services and platforms are emerging for the smart home?
  • What are the different value propositions, market drivers, and barriers for smart home technologies?
  • How is the smart home market expected to grow over the next decade?
  • How will revenue and shipment growth vary by region and technology?
  • Who are the key players in the smart home market?
  • Connected device manufacturers
  • Smart home, home automation platform, and security system vendors
  • Elderly care, assisted living solutions, and health and wellness providers
  • Telecom providers and energy suppliers
  • Communicating technology alliances
  • Software and services providers
  • Regulators
  • Investor community

1. Executive Summary

1.1   Introduction

1.2   Market Drivers

1.3   Market Barriers

1.4   Market Forecasts

2. Market Issues

2.1   What Is a Smart Home?

2.2   Value Propositions

2.2.1   Energy

2.2.2   Security

2.2.3   Automation

2.2.4   Convenience

2.2.5   Entertainment

2.2.6   Health and Wellness

2.2.7   Insurance

2.3   Market Drivers

2.3.1   Proliferation of Connected Devices

2.3.2   More Data, More Opportunity

2.3.3   Voice Activation

2.3.4   Emerging Verticals

2.3.5   Installation, Consultations, and Support Services

2.4   Market Challenges

2.4.1   Meeting Consumer Expectations

2.4.2   Interoperability

2.4.3   Consumer Education

2.4.4   Data Privacy and Security

2.4.5   Cost

2.5   Regional Trends

2.5.1   North America

2.5.2   Europe

2.5.3   Asia Pacific

2.5.4   Other Regions

3. Technology Issues

3.1   Smart Home Devices

3.1.1   Smart Thermostats

3.1.2   Connected Lighting

3.1.3   Home Security

3.1.4   Smart Appliances

3.1.5   Smart Plugs

3.1.6   Hubs

3.1.7   Voice-Activated Speakers

3.2   Software

3.3   Services

3.4   Platforms

3.5   Communicating Technologies

4. Key Industry Players

4.1   Landscape

4.1.1   Alarm.com

4.1.2   Amazon

4.1.3   Apple

4.1.4   Comcast

4.1.5   Control4

4.1.6   Deutsche Telekom

4.1.7   Google Nest

4.1.8   Hive

4.1.9   Netatmo

4.1.10   Nexia

4.1.11   Vivint Smart Home

5. Market Forecasts

5.1   Scope

5.2   Methodology

5.3   Forecasts

5.3.1   Hardware

5.3.1.1   Regional Forecasts

5.3.1.2   Technology Forecasts

5.3.2   Software

5.3.3   Services

5.4   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
  • Smart Home Platform Revenue by Region, World Markets: 2019-2028
  • Smart Home Platforms and Revenue, World Markets: 2019-2028
  • Smart Home Device Shipments by Region, World Markets: 2019-2028
  • Smart Home Device Shipments Revenue by Region, World Markets: 2019-2028
  • Smart Home Device Shipments by Technology Type, World Markets: 2019-2028
  • Smart Home Device Revenue by Technology Type, World Markets: 2019-2028
  • Smart Home Software Revenue by Region, World Markets: 2019-2028
  • Smart Home Services Revenue by Region, World Markets: 2019-2028
  • Smart Home Value Propositions
  • Amazon Echo Auto Product
  • What to Do with Alexa
  • Connected Devices in the Smart Home
  • Samsung Family Hub Refrigerator
  • Hive Link Offering
  • Smart Home Platform Spectrum
  • Smart Home Platform Device Shipments by Region, World Markets: 2019-2028
  • Annual Smart Home Platform Shipments by Region, World Markets: 2019-2028
  • Smart Home Platform Revenue by Region, World Markets: 2019-2028
  • Smart Home Device Shipments by Region, World Markets: 2019-2028
  • Smart Home Device Shipments by Technology Type, World Markets: 2019-2028
  • Smart Home Device Shipments Revenue by Region, World Markets: 2019-2028
  • Smart Home Device Revenue by Technology Type, World Markets: 2019-2028
  • Smart Home Software Revenue by Region, World Markets: 2019-2028
  • Smart Home Services Revenue by Region, World Markets: 2019-2028
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