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World Major Domestic Appliances Market Estimation

IoT: Smart Home

Among the sea of innovators cramming to gain market share are a few unique companies that have stood out.  NEST, Vivin, and Future-Shape are developing technologies that may last beyond a generational trend.

 

 

 

number-1NEST

Smart-home device maker owned by Google

 

number-2Vivint

Home automation security and energy management company in the US, Canada & New Zealand

 

number-3Future-Shape GmbH

Automation innovator specializing in smart flooring

 

 

Among the sea of innovators cramming to gain market share are a few unique companies that have stood out.  NEST, Vivin, and Future-Shape are developing technologies that may last beyond a generational trend.

 

 

1. NEST

 

“After six years of working on Nest, leading it through 4.5 years of double-digit growth and consistently high marks from customers, I leave Nest in the hands of a strong and experienced leadership team, with Marwan at the helm and a well-defined, two-year product roadmap in place,”–Tony Fadell, Former CEO

 

Started in 2010, the smart home gadget maker was the next ‘IT’ start-up destined to achieve billion dollar greatness.   Founded by Tony Fadell, often credited as the father of the iPod, NEST has reinvented the traditional thermostat, smoke/carbon monoxide detector, and security camera to have web-app connectivity. One of the many innovative features other than its web-app connectivity is the products’ ability to talk to each other.

In 2014, Google purchased NEST for $3.2billion. In 2015, NEST generated $340million in revenue, which was short of the Wall Street estimated $400 to $672million projection according to Re/Code.  However, their internal revenue goals were far more conservative at $300million.  Part of its revenue was credited to the purchase of Dropcam, a security camera maker.  Though the company has not produced the levels of sales expected, the nearly 1,000 employees helped revolutionize how consumers think about simple home gadgets that were once an afterthought.

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2. Vivint

 

“We consider it vital that we continue to innovate. Integrated services is a way we can continue to please these customers. It’s more important than ever that we stay relevant to the customers we have and to the base of consumers we don’t have as customers yet. But no matter how you look at it, we’ll need to be prepared to serve our customers. Lots of them.” –Todd Pedersen, CEO

 

Headquartered in Provo, Utah, Vivint is a serious competitor to Nest providing smart home automation products like an electronic door lock, a smart thermostat among others.  It is also able to integrate with a NEST.

Between 2006 and 2012, the company grew from $50million to $2billion. Now valued at more than $2bllion, they have more than 700,000 customers with almost 250,000 new subscribers in 2015 alone. Though, it is in essence a security company, demand for smart homes services drove sales in 2015 and into now 2016.

 

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3. Future-Shape GmbH

 

Germany-based Future-Shape is a company determined to change the future of everything by reimagining technology value. Among their innovative product line is a series of smart floor technologies including the SensFloor, NaviFloor, and sensor mats.  The Sensfloor is as a large-area sensor system.  It is a super thin textile studded with sensors and radio modules that collects data in real time.  It can detect falls and send alerts for assistance. It can also be used to automate actions of other smart home technology such as lights and security system.

The NaviFloor is a RFID floor for robot navigation and the sensor mats have some of same technology as the SensFloor but for more proximal use. Other technologies in development include door controls, smart shelves, bed sensor mats, seat occupancy sensors and interactive rooms.

Founded in 2005, their current market coverage includes Germany and France with their primary clients being nursing homes and research institutes.

 

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