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Thursday, 04/17/2014 8:23:21 PM

Thursday, April 17, 2014 8:23:21 PM

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The Smart Home Enters the Mainstream
shutterstock_106485278It’s likely not the last frontier to go smart, but it is the latest. The smart home will become mainstream in a few short years. In a recent report, Juniper Research forecasts that the global market value of smart home services will reach $71 billion in 2018, a rise from $33 billion last year.
The trend picked up steam at the 2014 International CES where companies came to show their up-to-the-minute innovations in home connectivity. Devices to improve home security and energy efficiency as well as those to help you manage your lifestyle were all unveiled and brought to market.
As homes get smarter, our lives – as consumers of smart home products – promise to get easier. No longer will you need to agonize if you locked the front door or if you
turned off the range before you left the house in the morning. For those who need it, smart homes will provide persons with disabilities greater independence and offer much needed support to caregivers. It will also make our homes more entertaining, which is expected to cover 80% of the revenue for smart home services by 2018.
With such anticipated growth and almost limitless possibilities on what elements can be brought into the home, consumers will demand their smart home products live and work in harmony under one roof. Such demand will require greater synergy amongst and between makers of smart home solutions and the mobile industry.
Further, the more Internet of Things devices in the home the greater the strain on networks. Experts from Juniper Research deduce in their latest report that providers of smart home solutions will need to “rapidly ensure that their networks are modernized and transitioned from legacy technologies such as IPv4 and CGNAT if they are to remain a viable player in meeting consumers’ expectations.”
This opens the door for M2M solutions. Everything from updating M2M devices over-the-air through all phases of the service life cycle, ensuring seamless device management, extending carrier service capabilities all the way to quantifying customer data to respond to global trends will bring real value to the companies growing the smart home industry.
An area of particular value to manufacturers will be enhancing the security and control elements of smart home products, which Juniper Research predicts will become a $12 billion opportunity by 2018.
http://www.mformation.com/mformation-news/mformation_blog/smart-home-enters-mainstream/#.U1Bw1VVdU1I

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