-- Frost & Sullivan's Energy & Environment Vice President and Partner Roberta Gamble details the state of the smart home market
MOUNTAIN VIEW, California, Dec. 4, 2014 /PRNewswire/ -- Analyzing innovation and business opportunities in smart homes of the future, Frost & Sullivan Energy & Environment Vice President and Partner Roberta Gamble presented a keynote speech at the annual Z-Wave Alliance Fall Summit on Nov. 6, 2014 in Carlsbad, CA. The presentation highlighted emerging forces in the smart home market including success factors, convergence trends, and how the Z-Wave protocol is enabling the future connected home.
To download a complimentary copy of the presentation, please click here: http://bit.ly/11tEeZT.
Top 3 Insights from the Keynote:
- Integrated home automation systems are vital in facilitating the smart home of the future.
- A consolidated interface will be necessary to aggregate control of connected components.
- Due to an aging population, telehealth will emerge as a driver for the smart home market.
"The home of the future will be smart but subtle, with ubiquitous technologies and solutions that will integrate, and simplify the way we work, socialize, travel and live," said Gamble.
In her presentation, Gamble cited recent Frost & Sullivan research that values the market for connected living at roughly $29 billion globally. This figure includes home technologies, home automation and the many services necessary for a connected world. Z-Wave technology holds an outstanding position in this market with over 1,000 interoperable products supported by over 160 manufacturers and service providers worldwide.
"Z-Wave has the keen advantages of being a market tested solution with over 12 years in the residential space, due to its product level interoperability across devices, both in breadth of products and ease of connectivity," noted Gamble. "That means consumers don't have to worry that the brand of door lock they use will be on the same smart home system as their refrigerator and air conditioner - they can all act together seamlessly to provide a connected-life solution."
About the Z-Wave Alliance
Formed in January 2005, the Z-Wave Alliance is a consortium of leading companies in the home technology space dedicated to solidifying Z-Wave as the standard for wireless home control products. The principal members include; ADT, Evolve Guest Controls, FAKRO, Ingersoll-Rand, Jasco Products, Linear and Sigma Designs. Alliance members lead the home controls market, providing leading edge products and systems that deliver increased comfort, convenience, energy conservation, safety and security. For more information about the Z-Wave Alliance, visit www.z-wavealliance.org.
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SOURCE Frost & Sullivan