Table of Contents
The Role of Wearable Devices in the Home of the Future : Personalisation and Frictionless Control Will Drive Long Term Opportunities
As the proliferation of wearable devices increases, newer market applications emerge. The smart home market is an attractive opportunity for employing wearable devices. A nascent market, it is important for smart home and wearable vendors to understand the market potential and prepare for the evolution of the smart home ecosystem. In this report, Frost & Sullivan assesses the key growth areas for wearables in smart homes, namely remote control, healthcare monitoring, authentication, and personalised home.
The home automation market is in an early growth stage, with most consumers yet to deploy smart home applications. Similarly, the use of wearables is at an early stage of development.
Though there is talk about using wearable devices in the smart home, the market is very nascent. Smartphones dominate the space for smart home control and wearable device vendors have only just started building partnerships with home automation providers.
The remote monitoring of smart home devices, healthcare monitoring, and personalization of the ambient environment in the home are the biggest opportunities for wearable device use in the smart home.
Technological challenges involving wearable device controls, contextual awareness, data security, machine intelligence, and platform compatibility need to be resolved to enable wearable applications in the smart home.
Wearable device business models are still evolving. It is important to develop an attractive business model that integrates with the subscription-based model of home automation solutions.
Get Industry Insights. Simply.
Talk to Veronica
+1 718 514 2762
Smart Home as a Service Market (Service - Managed and Integrated; Solution - Security and Access, Lighting and Window, Audio-Visual and Entertainment, Energy Management and Climate, and Integrated) - Global ...
This report provides insight into the current market scenario, structure and practices. In depth market scenario includes: - Current market size estimate - Revenues by players - Top 5 Companies - Market ...
The Global Smart Homes market is valued at USD 25.54 billion in 2016 and is expected to reach a value of USD 95.57 billion by the end of 2022, growing at a projected CAGR of 24.6% during the forecast period ...
Internet Of Thi...