Smart Home Ecosystem Illustrates Potential Partnerships

by | Aug 7, 2018 | Market Research | 0 comments

partnership shaking hands

ABI Research forecasts that by 2022, the global smart home market will reach $123 billion, which is up from $56 billion in 2018. The current smart home ecosystem is complicated with a growing number of players and offerings competing to gain a foothold in the market. Vendors will need to diversify and become more collaborative to increase their market share.

ABI Research released a strategic infographic which identifies more than 150 vendors in six main service sectors.

  • Security
  • Energy Management
  • Home Entertainment & Media Management
  • Home Maintenance
  • Health
  • Personalization

Each sector is set for growth and adoption with solutions covering everything from voice control to smart plugs to motion sensors.

The ABI Research infographic provides a visualization of how players in this industry may position themselves in terms of product development, identifying which channel partners may optimize their go-to-market strategies, focusing on competitors for mergers or acquisitions, and more.

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