WinterGreen
Research announces that it has published a new study Security Devices For
Connected Homes: Market Shares, Strategy, and Forecasts, Worldwide, 2015 to
2021. Next generation home security devices
achieve a complete replacement of existing security systems, 3D video
cameras, automated connected thermostats, access sensors, and intrusion
detection devices can al alert a person on the smart phone. Devices are
wireless, are more energy efficient, last longer and have a significantly lower
cost of operation. The study has 366 pages and 116 table and figures.
With
successful strategies for increased market presence, product leadership and
cost-efficiency, apps are well positioned for continued long-term profitable
growth driven by the major economic trends: urbanization, rapid technological
development and increased security requirements.
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Full Report with TOC @ http://www.radiantinsights.com/research/security-devices-for-connected-homes-industry
There is
significant innovation in the market for the connected home. Lower hardware
prices, increased bandwidth availability, abundance of cloud capacity, sensor
miniaturization, advances in wireless standards and mobile device smart phone
evolution are market forces. Improved
interfaces and alerting systems are the foundation for the connected home.
Home
integrated networks implement home energy management (HEM) and security for the
connected home. The connected home is evolving into a multibillion-dollar
industry as people use the apps on their smart phone to substitute for a
security monitoring service. The smart phone can send alerts and allow control
of lighting. As wireless communication standards evolve to support systems
integration, home owners gain more control of the living environment through
remote access controlled by apps on the smart phone.
Growth has
huge implications for energy efficiency and demand response. The plethora of
wireless communication standards include Wi-Fi, ZigBee, Z-Wave, Thread, and
Bluetooth LE. Numerable platforms are available. A lack of standards has
presented a substantial barrier to overall smart home adoption by limiting
interconnectivity between devices. The best security products to keep the home
and family safe are interconnected modules.
2014 saw a
wide expansion of security based do-it-yourself (DIY) home devices. Hub-based systems, point solutions, modules,
and kits were available as self-install home security units. Security systems
are part of a larger smart home systems market.
Early adopters are adding to units already in place. The new modules are
interconnected to apps on the smart phone.
Point
solutions category are primarily focused on security. The broader set of connected
home solutions have modules that range from thermostats, doorbells and ceiling
fans to slow cookers and irrigation controllers. Crowdfunding sites like
Indiegogo played a major role in helping drive funding for connected home
devices and startups.
Consumers,
especially in younger generations, expect mobile apps, security cameras, and
mobile notification features with their home security systems. Older
generations and the non-do-it-yourselfers have a hard time with installation
and maintenance of DIY connected home solutions. The combination of needs from
both the young and old are creating a favorable environment for strong
sustained growth in the Do-It-For-Me (DIFM) interactive security and connected
home space.
According
to Susan Eustis, leader of the team that prepared the study, “In 2014 the
Security for Connected Homes saw a large number of big-name acquisitions and
entries. Samsung made an acquisition of SmartThings. Google’s acquisitions were of Nest, Dropcam
and Revolv. Apple acquired HomeKit. Quantities of fielded point devices and
systems increased. What defines the
market is the ability of a device to connect to a smart phone app and send
alerts directly from a connected device to a remote smart phone”
Open
platforms and device interoperability help consumers preserve their investments
by building on top of their existing connected home devices and services. This
compatibility also expands the value of connected homes by linking previously
isolated devices and services, further enhancing peace of mind and convenience
in the home. The hope is to offer consumers a more unified experience by giving
them access to all of their devices from a single app or interface and enabling
interactions and automation between previously isolated devices and services.
Security
devices for the connected home markets at $1.2 billion in 2014 are forecast to
reach $7.7 billion dollars, worldwide by 2021.
The continuation of 2014 trends, combined with low market awareness of the
value of home automation, will force many connected home vendors to pivot and
offer more than simple apps for device monitoring and control. This leads us to
a big trend for 2015: movement toward interoperability between vendors, devices
and platforms.
WinterGreen
Research is an independent research organization funded by the sale of market
research studies all over the world and by the implementation of ROI models
that are used to calculate the total cost of ownership of equipment, services,
and software. The company has 35 distributors worldwide, including Global
Information Info Shop, Market Research.com, Research and Markets, Bloomberg,
electronics.ca, and Thompson Financial.
WinterGreen
Research is positioned to help customers facing challenges that define the
modern enterprises. The increasingly global nature of science, technology and
engineering is a reflection of the implementation of the globally integrated
enterprise. Customers trust wintergreen research to work alongside them to
ensure the success of the participation in a particular market segment.
WinterGreen
Research supports various market segment programs; provides trusted technical
services to the marketing departments. It carries out accurate market share and
forecast analysis services for a range of commercial and government customers
globally. These are all vital market research support solutions requiring trust
and integrity.
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