Evolution of Smart Home Products and Services

  • ID: 4435774
  • Report
  • Region: Global
  • 62 Pages
  • Parks Associates
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FEATURED COMPANIES

  • Amazon Echo
  • Bixi
  • Entrata
  • Honeywell
  • Meritage Homes
  • Samsung
  • MORE

The smart home market is evolving with new technologies, improved interoperability, expanded product intelligence, enhanced service integrations, and innovations in business models. This report provides insight into market innovations and differentiators and the successful strategies for players in the smart home product and services markets. It also includes case studies of leaders and new entrants that are shaping the evolution of the smart home in the U.S. and key growth areas around the globe.

Scope of Report

  • The report focusses on the following key topics for smart home products and services
  • New strategies to facilitate smart home device purchases
  • Emerging sales channels for smart home devices
  • Underlying drivers for new business models
  • Key developments in user interface (UI) including voice integration
  • Underlying drivers for technology improvements
  • New opportunities for recurring revenue

Geographically, this study focuses on U.S. utilities. However, the concepts apply globally. 

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amazon Echo
  • Bixi
  • Entrata
  • Honeywell
  • Meritage Homes
  • Samsung
  • MORE

1.0 Report Summary
1.1 Purpose of Report
1.2 Scope of Report
1.3 Research Approach/Sources

2.0 Smart Home Evolution

3.0 Driving Purchases
3.1 Challenges with Purchases
3.2 Simplifying the Purchase Process
3.2.1 In-Home Consultative Selling
3.2.2 Experience Centers
3.3 New Sales Channels
3.3.1 Home Furnishing Retailers
3.3.2 Builder / Real Estate
3.3.3 Insurance
3.4 Improving Affordability

4.0 Technical Innovation
4.1 Technical Challenges
4.2 User-Interface Innovation
4.2.1 Voice Control
4.2.2 Other UI Strategies

5.0 Value Creation
5.1 Smart Cameras
5.1.1 Emerging Use Cases for Video AI

6.0 Revenue Generation
6.1 Hardware-as-a-Service (HaaS)
6.2 Bundled Hardware with Service
6.3 Energy Management as a Service

7.0 Implications and Recommendations

8.0 Appendix
8.1 Glossary
8.2 Index
8.3 Image Sources

List of Figures
Figure 1: Smart Home Device Ownership (2014 - 2016)
Figure 2: Smart Home Device Adoption (2014 - 2016)
Figure 3: Smart Home Devices: Purchase Intentions (Q2/17)
Figure 4: Smart Home Device Purchases (2014 - 2016)
Figure 5: Reasons for Not Intending to Purchase Smart Home Devices (Q1/17)
Figure 6: Solutions to Consumer Purchase Challenges
Figure 7: In-Home Consultation Services Features
Figure 8: Aids to Ease the Smart Home Purchase Process
Figure 9: In-Store Smart Home Experience Centers
Figure 10: Best Buy Roles in Smart Home Purchase
Figure 11: Smart Home: Builder and Real Estate Channel
Figure 12: Appeal of Loss Detection/Prevention Products that Automatically Notify Insurers (Q2/17)
Figure 13: Preferred Incentive for Acquiring Smart Products (Q2/17)
Figure 14: Smart Home Devices: Technical Problems Experienced (2016 - 2017)
Figure 15: Problems in Setting up Smart Home Devices (2015 - 2017)
Figure 16: Problems in Setting up Smart Home Devices by Device (2015 - 2017)
Figure 17: Amazon Alexa - Smart Home Integrations
Figure 18: Google Assistant - Smart Home Integrations
Figure 19: Apple HomeKit - Smart Home Integrations
Figure 20: Appealing Methods of Controlling a Connected In-Home Entertainment Device (Q1/17)
Figure 21: Smart Camera AI Innovation
Figure 22: Bundles: Hardware-as-a-Service Offering
Figure 23: Energy Management-as-a-Service Offering

Note: Product cover images may vary from those shown
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  • Amazon Echo
  • Apple
  • August
  • B8ta
  • Bed Bath and Beyond
  • Belkin
  • Best Buy
  • Bixby
  • Bixi
  • Bosch
  • Brookfield Residential
  • Bundles
  • Coldwell Banker
  • Cortana
  • Deutsche Telekom
  • D-Link
  • Entrata
  • EyeSight Tech
  • FIBARO
  • Geek Squad
  • Google
  • Google Assistant
  • Home Depot
  • HomeKit
  • Honeywell
  • IKEA
  • LG
  • Lockstate
  • Logitech
  • Lowes
  • Lutron
  • Lyric
  • Meritage Homes
  • Microsoft
  • Nest
  • Nexia
  • Panasonic
  • Phillips Hue
  • R & F properties
  • Ring Video Doorbell
  • Samsung
  • Schlage
  • Siri
  • SmartThings
  • STEM
  • Target
  • TRI Pointe Group
  • Vivint
  • Walmart
  • WeMo
  • Wink
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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