Pune, India -- (SBWire) -- 09/04/2018 --Availability of smart technology promote growth in the Smart Home Market
Security, convenience, and energy efficiency drives the growth of the smart home market. In addition, IoT segments are growing, as smart home is becoming a trend in machine-to-machine and IoT technologies Smart homes vertical is witnessing a major action. Variety of sensors can be easily connected to the cloud at affordable prices. Moreover, Smart Gadgets with augmented reality and Virtual reality platforms are now interacting with customers in day-to-day life, which is likely to fuel the growth of the smart home market. As these wearable gadgets are closely associated with the users, the smart home value chain players are targeting these smart gadgets for integrating their smart appliances. However, lack of standards and non-availability of high speed and reliable Internet services are hampering the growth of the smart home market. Furthermore, With the IoT saturation, more and more connected device will appear in the market. The more the number of the device the stronger should be the security aspects to protect from threats. This creates an opportunity for cyber security companies.
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North America region to contribute to growth in the global Smart Home Market
North America dominated the global smart home market and Europe is anticipated to be fastest growing region. The growth in the North American region is due to factors such as increasing demand for reliable home energy management systems and growing popularity of integration of smart devices such as tablets and smartphones in smart home solutions. Moreover, South Korea held the largest position in the Asia Pacific regions. On the other hand, The UK government mandates energy suppliers to install smart meters in 26 million homes with the aim that every household in England, Wales, and Scotland will have a smart meter by 2020.
GRDF Begins World's Largest Gas Smart Meter Roll-out Underpinned by Oracle Technology
In January 2018- GRDF, launched the world's largest roll-out of smart gas meters, powered by Oracle technology in May 2017. GRDF, which serves 90% of France's gas market, has selected Oracle Utilities Meter Data Management to help it deliver smart metering services to 11 million customers as part of its gas smart meters programed.
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Using Oracle Utilities Meter Data Management (MDM), GRDF is currently upgrading the natural gas transmission network to make it an effective tool for the energy transition. Eventually, it will be digitized and connected to provide four major features: integrating locally-produced renewable gas, improving safety and performance for the natural gas supply, providing customers and cities with data they can use in their efforts to manage energy demand and creating bridges to other networks so that they can take advantage of the storage capacity and flexibility of the natural gas network. In anticipation of the clean energy package, the transition to smart metering will also help GRDF respond to new European regulation.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global smart home market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of smart home market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the smart home market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the smart home market to understand the present and future trends in this market and formulate their strategies accordingly.
Smart Home Market 2018-2024 Latest Technology Innovations, Size, Growth and Forecasted Report