Smart Home Hardware & Services Revenue to Exceed $190bn by 2021, as Big 4 Tighten Grip on Market
Hampshire, UK - January 10, 2017 (Investorideas.com Newswire) New data from Juniper Research shows that revenues from smart home hardware and services will reach $83 billion this year, rising to $195 billion by 2021. This will be generated through entertainment, automation, healthcare and connected devices.
The new research, Smart Home Markets: Entertainment, Monitoring, Automation, Health, Metering, Appliances 2017-2021, found that home automation and smart appliances will be the two fastest growing segments over the next 5 years, driven by established manufacturers such as Samsung, Bosch and GE Appliances.
'Big 4' to Stay Dominant
The research found that market leaders Alphabet, Amazon, Apple and Samsung will further solidify their position by building on current assets such their cloud services and incumbent device bases. Juniper has ranked these companies on product development, breadth of partnerships in the industry, success of their adopted business model, and level of innovation. The rankings were as follows:
- Samsung Electronics
Juniper believes Amazon's innovative approach, use of cloud services through Amazon Alexa, and its ability to capitalise on its eCommerce presence gives them a leading position. Research author Sam Barker commented: "The company has managed to maximise its value proposition for Alexa by partnering with a large range of complementary players in the market, whilst utilising its own cloud platform to set Echo and Alexa apart from its competitors in terms of functionality."
Continuing Scope for Disruption
The research found that revenue share from the most mature segment, smart entertainment, will slow as emerging market segments such as smart appliances and home automation gain more traction. The share from connected services such as Netflix and Amazon are set to fall from 70% of the total market in 2017 to 50% in 2021. Meanwhile, growing segments such as Monitoring & Automation will be driven by disruptive entrants, such as littleBits, Notion and iVee, who will rival established players by taking novel approaches to product development.
The whitepaper, Smart Homes ~ Getting Smarter 2017, is now available to download from the Juniper website together with further details of the full research.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire http://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.