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European Home Automation Systems Market, Forecast to 2022
In the past couple of years, products
and services associated with home automation and smart and connected
homes have changed the consumer perception on technological
innovations. Homes are no longer simply a place for eating, sleeping,
and relaxing. Rather, they are being remodelled everyday into a
connected and personalised ecosystem of services. Home automation
systems (HAS) and solutions have been creating an environment whereby a
seamless experience and high comfort levels can be achieved at home,
especially in the ‘luxury’ end of the market. Connectivity and response
from establishing user-interactive features are becoming high-impact
trends and accelerating growth in home automation.
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This study describes how the Internet of Things (IoT) has influenced technologies such as near field communication (NFC), wearable technology, and smartphones and the inexorable penetration of Wi-Fi and Bluetooth (which has enabled people to afford smart devices and connect in ways that were never possible earlier) and how it is being remodelled every day into a connected and personalised ecosystem of services. In this study, we have segmented the home automation market based on its scope as hardware and software. Hardware includes home measuring and monitoring devices, home controller units/master hubs and plug and play devices, whereas software includes applications to control and automate home functions.
The study includes revenue forecasts by country and region, technology trends, competitive analysis, and identification of growth opportunities in this dynamic market. Amongst the main future trends is voice-over-technology that enables users to interact with the home automation system directly. It can be remodelled using self-learning and artificial intelligence, which is expected to make the HAS experience into a seamless one. With an extraordinary growth projected across Europe in line with the increasing connectivity and convergence, the author expects this market to continue attracting new entrants with continuous innovation, thereby proving to be a dynamic space with great potential for new and innovative business opportunities.
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