|
News Berg Insight says increasing adoption of smart home technologieswill result in a US$ 9.5 billion market in 2015 (22/7/2011) According to a new research report by Berg Insight, the number ofnew smart home installations worldwide was 0.44 million in 2010.Growing at a compound annual growth rate (CAGR) of 65 percent, thisnumber is expected to reach 5.38 million by 2015. The totalrevenues will simultaneously grow at a CAGR of 32.8 percent fromUS$ 2.3 billion in 2010 to almost US$ 9.5 billion in 2015. Smart homes and connected home technologies have been around fordecades, but up till recently, this has been a niche segment eitherfor the very affluent or extreme technophiles. "Things arechanging for this industry due to a perfect confluence of market,regulatory, strategic and technology trends", according tothe report"s lead analyst Alan A. Varghese. "First isthe pull from consumers in the mobile age, who desire to useproducts such as iPhones and iPads to control their lifestylesthrough user-friendly interfaces. The regulatory drivers come fromgovernments, whereby countries and utilities are mandated to bettercontrol the generation, distribution and consumption of power inresidences. The strategic push comes from new entrants such asbroadband providers who are already inside consumers" homesand are looking for the next opportunities to increase ARPU, reducechurn and become complete solution providers. Finally thetechnology piece is coming together with increasing focus oninteroperability, even as the cost of modules, chipsets, andsoftware is trending down", says Varghese. There is an increasing shift in smart home technology adoption fromcustom and luxury residences to mainstream and production homes.Whereas only 0.1 percent of mainstream homes had any form ofautomation in 2010, almost 4 percent will have that by 2015.Furthermore, since new housing construction is in a slumpworldwide, vendors are focusing their attention on retrofit ofexisting housing stock, and easy-to-deploy technologies such aswireless. Berg Insight finds that this market will soon be crowdedwith dealer-installers from traditional industries such as securityservice providers, as well as new entrants such as broadband,wireless and utilities service providers, so finding the rightpartnerships, business models and pricing is key to success. Visit our featured links Visit our sponsors and showcases. I am an expert from dimmableled-lightbulbs.com, while we provides the quality product, such as China Led Candle Light Bulbs , China E14 Led Candle Bulb, Dimmable E27 Led Bulb,and more.
Related Articles -
China Led Candle Light Bulbs, China E14 Led Candle Bulb,
|
