Apple Prepares to Take a Bite Out of the $100 Billion Global Smart Home Market, Says Strategy Analytics

   Apple Prepares to Take a Bite Out of the $100 Billion Global Smart Home
                       Market, Says Strategy Analytics

Announces HomeKit Platform and Raft of Partners at Worldwide Developers
Conference

PR Newswire

BOSTON, June 3, 2014

BOSTON, June 3, 2014 /PRNewswire/ --Speculation that Apple will kick off a
major smart home initiative this year came to an end with the announcement of
HomeKit – Apple's attempt to unify disparate control protocols under its
umbrella. 2014 has already seen a number of major brands including Google and
Samsung enter the smart home market following an extremely active year in 2013
including the entry of AT&T, Amazon and Staples in the US, and Belgacom,
Deutsche Telekom, Gigaset and Orange in Europe. The global smart home market
will reach $100 billion in total revenues by 2018 according to Strategy
Analytics' Smart Home Strategies (SHS) advisory service forecast "Smart Home
Systems and Services Forecast: Global Total." The US will remain the largest
regional market over the forecast period with Western Europe and China
catching up quickly.

Click here for the report: http://bit.ly/1ue4QI7

"The entry of big brands over the past couple of years coupled with Apple's
HomeKit initiative builds awareness for the capabilities smart home solutions
offer consumers," commented Bill Ablondi, Director, Smart Home Strategies
advisory service and developer of the forecast. "There are a lot of questions
to be answered about HomeKit and its implications, but one thing is for sure
Apple, and its partners which include Chamberlain, Honeywell, Philips and
Schlage will help establish credibility of the overall market opportunity.
This is no longer a market waiting to happen; it's happening now."

The forecast details the breakdown of the global smart home market opportunity
by major application as well as by major device category and services.
Detailed forecasts are available for China, France, Germany, Italy, Spain, the
UK and US.

About Strategy Analytics

Strategy Analytics, Inc. provides the competitive edge with advisory services,
consulting and actionable market intelligence for emerging technology, mobile
and wireless, digital consumer and automotive electronics companies. With
offices in North America, Europe and Asia, Strategy Analytics delivers
insights for enterprise success. www.StrategyAnalytics.com

US Contact: Bill Ablondi, +1 617 614 0744, wablondi@strategyanalytics.com

European Contact: David Mercer, +44 1908 423 610,
dmercer@strategyanalytics.com

Global Smart Home Market will reach $100 Billion by 2018

The Global market for smart home systems and services is developing rapidly in
all major economic regions of the world and is set to become a major market
opportunity for technology and service providers over the next five years.
Revenues from smart home related hardware, services and installation fees will
exceed $48B in 2014 and grow at a 19% CAGR to nearly $115B by 2019. By 2019
224M homes or nearly 12% will have at least one type of smart system
installed.

Strategy Analytics

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SOURCE Strategy Analytics

Website: http://www.strategyanalytics.com
 
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