Gartner forecasts that there could be more than 500 Internet Of Things connected devices in the home by 2022
Gartner has just launched a report highlighting the huge business opportunity of teh Internet Of Things- which it believes the connected home presents for retailers, insurers, manufacturers, utilities and telecoms companies.
Theyrealised that the smart home will be a mass market – 50% to 80% of people say they’re interested in smart home services.
We could end up paying Ä5 to Ä10 a month, which equates to more than £11 billion (Ä15bn, $17bn) a year in Western Europe by 2019.
His firm is developing an open platform, similar to Samsung’s SmartThings, to act as a gateway for all these connected gadgets, from motion-detecting lighting systems to smart energy meters.
Nearly 40 partners, including big names such as Philips, Bosch, Sonos and Samsung, have signed up to the platform so far.
BMW is already testing car-to-home communications in its 7 Series luxury saloon.
But it seems we’ve been talking about the connected home for years. Why hasn’t it taken off yet?
Well, we didn’t have smartphones, fast home wi-fi or a wide-enough selection of gadgets equipped with networked computer chips. Now, the conditions maybe rightm
Smart meters and thermostats – given an added push by governments – will be able to regulate energy usage in the home, and it’s this ability to save on heating and electricity bills which will be one of the key drivers of growth in connected home technology, he believes.
As more of us use smartphones and apps, retailers and manufacturers are gaining confidence that there is a market for connected products.
But the service most likely to propel the smart home into the mainstream is home security, some believe.
US telecoms giant AT&T is building its Digital Life smart home product around security, offering subscribers video cameras, window and door opening sensors, remote door locking, and motion detectors, all operable from a smartphone, tablet or PC.
In the UK about 30% of homes have some kind of home alarm, and about 10% of those pay monthly for a professional home security service.
But lack of interoperability could be one reason why the smart home boom takes longer to happen than some analysts and tech companies are forecasting.