Description
The home automation market has undergone major changes in the last couple of years with respect to technological innovation, competitive landscape, new business models, new distribution channels, and the introduction of smart products. With high growth projected across Europe in line with increased connectivity and convergence, Frost & Sullivan expects this market to continue attracting new entrants with continuous innovation. Big data analytics, the internet of things (IoT), and cloud computing hold huge implications for this market as they open new business opportunities for service providers to offer subscription services for utilising data analytics and remote services.
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