Next Steps for Smart and Connected Homes

Next Steps for Smart and Connected Homes

CEO 360 Degree Perspectives on Big Data and Smart Buildings

Home energy management, home automation, home entertainment, and safety and security are emerging as top priorities for smart and connected home solution providers.

Health and wellness and virtual education will be in the second wave of growth as they are still immature commercial offerings; however, they will rise in importance in the next 􂀀 years.

Internet of Everything (IoE) will become the next intelligent platform connecting the physical and virtual worlds to address urban living challenges.

Cross-industrial partnerships between market participants are vital in creating new business models for service offerings.

High and medium income economies in India, China, the United States, the United Kingdom, Germany, France, Japan, South Korea, and some Middle-Eastern countries are driving global growth.

About this report

The smart and connected homes market is developing quickly and attracting a wide range of companies. Enabled by the Internet of Things (IoT), the journey towards smart and connected homes depends heavily on end user acceptance. This is a crucial factor for market participants to gain customer trust based on value propositions and suitable regional business models. Cloud networking will create a technological revolution in the building technology (BT) services market and continue as a high-value offering for adopters of smart home solutions in the next 10 years. Home energy management, home automation, home entertainment, and safety and security are emerging as top priorities, while health and wellness and virtual education will be in the second wave of growth.