the business of home automation is enabling the internet of things
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The business of home automation
Today I will share you some information about home
automation.
If we think about the homes that have a broadband
connection today as the total addressable market for
home automation, the home automation market size turns
out to be around $8.8 billion at $100 spent per home or
$880 billion at $10,000 for example in the U.S. If we are a
little more conservative and say that only those
broadband subscribers who use smartphones are targets,
the range turns out to be about $5.63 – $563 billion. In
order to capture this opportunity a number of business
models have come into play. While these are not new
business models, it is interesting to see how this
opportunity is being captured.
The Free approach: Here home builders are
embracing the the art of negative margin by giving away
connected devices for free as part of home sales. In doing
so home builders appear progressive and invested in
home innovation with the goal of attracting more buyers.
DIY: Before IoT became more mainstream, the rich
and the famous built fascinating homes using custom
service providers that build connectivity into the
home. This business model will continue to exist but will
account for a smaller percentage of the home automation
market over time as IoT devices mature, become cheaper,
easier to install and use.
The promise of double digit sales growth is attracting
a number of players, big and small, to the home
automation market.
There is a company Wulian,supply the whole set of
home automation,which with simple installation.If you
want to konw more information , please
search : http://www.wulian.cc/english/ , or email