1. Market Research
  2. > Wireless Technology
  3. > Internet Of Things Market Trends
  4. > European Home Automation Systems Market

European Home Automation Systems Market

  • May 2015
  • -
  • Frost & Sullivan

Summary

Table of Contents

Scope

The home automation market has undergone major changes in the last couple of years with respect to technological innovation, competitive landscape, new business models, new distribution channels, and the introduction of smart products. With high growth projected across Europe in line with increased connectivity and convergence, Frost & Sullivan expects this market to continue attracting new entrants with continuous innovation. Big data analytics, the internet of things (IoT), and cloud computing hold huge implications for this market as they open new business opportunities for service providers to offer subscription services for utilising data analytics and remote services.

Key Findings

-The home automation (HA) market has undergone major changes in the last couple of years with respect to technological innovation, competitive landscape, new business models, new distribution channels, and introduction of smart products.
-The impact of such developments on the total market has helped it reach $xx million in at a growth rate of xx %. The market will further improve to touch $xx million by , at a CAGR of xx %.
-Home energy management and safety/security will be the fastest growing applications within home automation in upcoming years. These applications will be one of the key drivers of the mass market as they outstrip the luxury segment in terms of growth. The HA market is increasingly driven by efficiency and cost savings for customers as opposed to the historically dominant HA drivers of luxury and comfort.
-Big data analytics, the internet of things (IoT), and cloud computing hold huge implications for this market as they open new business opportunities for service providers to offer subscription services for utilising data analytics and remote services. The emerging concept of Home Automation as a Service (HAaaS) is the embodiment of this trend and will be a key driver of growth and new entrants.
-There has been an increasing number of alliances and consortiums formed by leading global firms in the last couple of years to create an open architecture for developing a standard software platform, which will enable interoperability and data exchange between devices, irrespective of the manufacturers and service providers.

-Meanwhile, a few competitors are looking to establish proprietary HA communication protocols such as INSTEON in Europe to solve issues related to networking, communication range, pricing, and routing strategies.
-Technological developments in the home automation market have introduced new business models like starter pack, bundling, subscription service, original equipment manufacturers (OEM)-utility partnership, and the OEM-insurer partnership.
-Subscription service and OEM-insurer partnership are the latest business models to have gained momentum in the last couple of years due to increased adoption of home automation system (HAS) products.
-The home automation market has witnessed a number of partnerships and acquisitions like Google‘s acquisition of Nest Labs, Revolv, and Dropcam in , which have brought new dimensions and participants to this market and increased the excitement in the industry.
-Moreover, there have been many partnerships forged across the industry value chain in the last couple of years between OEMs and technology and communication providers to combine mobile communications, cloud delivery platforms, and home automation software.
-Moreover, there is a huge role being played by key distribution channels like value-added resellers (VARs), consumer electronic stores, and online sales to mass commercialise the home automation market in the next xx years.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
IoT value chain revenue: worldwide trends and forecasts 2016–2025

IoT value chain revenue: worldwide trends and forecasts 2016–2025

  • $ 7999
  • Industry report
  • February 2017
  • by Analysys Mason

"Connectivity comprises only 14% of mobile IoT and LPWA solutions revenue and it is unclear how operators will successfully generate value beyond this." Total revenue from the mobile IoT and LPWA solutions ...

IoT in Manufacturing Market by Software, Platform, Service, Application, Vertical Markets, and Region - Global Forecast to 2021

IoT in Manufacturing Market by Software, Platform, Service, Application, Vertical Markets, and Region - Global Forecast to 2021

  • $ 7150
  • Industry report
  • January 2017
  • by MarketsandMarkets

“Growing need for centralized monitoring and predictive maintenance of manufacturing infrastructure is boosting the growth of the IoT in manufacturing market” The Internet of Things (IoT) in manufacturing ...

Sensors for the Internet of Things (IOT): Global Markets

Sensors for the Internet of Things (IOT): Global Markets

  • $ 6650
  • Industry report
  • March 2017
  • by BCC Research

Use this report to: - Learn about the important role that sensors play in Internet of Things (IoT) applications. - Gain an insight in to the opportunities that the IoT provides for sensor manufacturers. ...

Top 10 Connected/smart Industries

February 2017 $ 5650

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.