Strategic Smart Home Ecosystem Infographic Uncovers Hidden Partners and Competitors
A wealth of investment and growing consumer enthusiasm is driving the value of smart home spending to create a global smart home market expected to reach US$123 billion by 2022, up from US$56 billion in 2018. That growth and the potential for the smart home to be at the heart of consumers daily lives and purchasing decisions has brought a growing number of players and offerings competing to gain a foothold in the market. The result is a current smart home ecosystem that is immensely complicated. The entire smart home market will need to diversify and be more collaborative for vendors to increase their market share.
ABI Research’s strategic Smart Home Ecosystem Infographic identifies more than 150 vendors in six main service sectors: Security, Energy Management, Home Entertainment & Media Management, Home Maintenance, Health, and Personalization. Each service sector is a key area for adoption and growth and numerous solutions ranging from voice control and smart plugs to Electrical Vehicle (EV) chargers and motion sensors. This infographic provides vision on where players need to position themselves to maximize their return on investment, create new revenue streams, identify which channel partners will maximize their go-to-market strategies and zero in on the real competitors for mergers and acquisitions as well as product development.