Connected Home and IoT: Market Opportunities and Forecasts 2015 - 2020
Connected Home is an extension of home automation and operators in conjunction with the Internet of Things (IoT) wherein devices inside the home are connected to each other via the Internet and/or via a short-range wireless mesh network and are typically operated using remote access device such as smartphone, tablet or any other mobile computing unit. There is significant growth potential in this market as market leaders such as Google, Netflix, and others have laid the foundation for many other ecosystem competitors to expand beyond home entertainment into many other areas.
There is also an emerging significant business opportunity for Cloud Service Providers and Big Data Analytics within the IoT in Connected Home ecosystem. Management of unstructured data (Big Data) and directly attributed to IoT in Connected Home is anticipated to represent a $7 billion market by 2020. This market opportunity will grow with a CAGR of 27.7% through 2020. Mind Commerce sees the fastest growing segments through 2020 as Home Energy Conservation with a CAGR of 49.4% and IoT in Utility Monitoring with a CAGR of 59.8%.
This report evaluates the market for the Internet of Things (IoT) in Connected Homes and includes evaluation of market drivers, companies, solutions, and forecast 2015 – 2020. All purchases of Mind Commerce reports includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.
IoT in Connected Home forecasts to 2020
Identify leading applications and solutions
Learn about IoT in Connected Home M&A activity
Identify key business strategies for IoT in Connected Homes
Understand relationship between IoT and Connected Homes
Identify opportunities and needs for vendor collaboration in IoT
Understand the IoT in Connected Homes ecosystem, players, and solutions
Understand marketing strategies for Connected Home products and solutions
Learn about use cases, benefits and requirements for IoT in Connected Homes
Telecom service providers
Embedded systems companies
Systems integration companies
Wireless device manufacturers
Telecom and IT infrastructure suppliers
IoT and Connected Home service providers
Companies in Report:
Crestron Electronics Inc.
Digital Living Network Alliance (DLNA)
General Electric (GE)
Leviton Manufacturing Co., Inc.
Nest Labs (Google)
Oregan Networks Ltd.
Qualcomm Atheros Inc.
Mind Commerce Publishing's research methodology encompasses input from a wide variety of sources.
We rely heavily upon our Subject Matter Experts (SME) in terms of their market knowledge, unique perspective, and vision. We utilize SME industry contacts as well as previous customers and participants in our market surveys and interactive interviews.
In addition, we rely upon our extensive internal database, which contains modeling, qualitative analysis, and quantitative data. We review secondary sources and compare to our primary sources to update previous findings (for prior version reports) and/or compile baseline information for technology and market modeling.
We share preliminary models with industry contacts (select previous clients, experts, and thought leaders) to verify the veracity of initial modeling. Prior to final report production (analysis, findings, and conclusions), we engage in an internal review with internal SMEs as well as cross-expertise, senior staff members to challenge results.
We believe that forecasts should be prepared as part of an integrated process which involves both quantitative as well as qualitative factors. We follow the following 3-step process for forecasting.
Step 1 - Forecasts Input: The inputs for the present and historical revenues are derived from industry players. Financial and other quantitative data for individual sub-market categories are derived from original research and tested with interviews with major industry constituents.
Step 2 - Forecasting of Future Years: Mind Commerce extends forecasts based on a variety of factors including demand drivers as well as supply side data. Key success factors and assumptions are considered.
Step 3 - Validation of Data: The final step is to validate projections, which is accomplished in consultation with both internal and external industry experts, including both topic and regional experts. Adjustments are made to the forecasts based on factors identified throughout this process.
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