Global Home as a Hub Growth Opportunities

Global Home as a Hub Growth Opportunities

Future Homes that Harmonize Work, Entertainment, Relaxation, Shared Living, Health, and Wellness Fuel New Product Development

RELEASE DATE
21-Feb-2022
REGION
Global
Research Code: K71D-01-00-00-00
SKU: CI00800-GL-MT_26293
$4,950.00
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$4,950.00
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Description

The COVID-19 pandemic forced customers to stay at home, and with restrictions on outside activities, the housebound often became overwhelmed with completing all of their daily tasks and activities in one space. This led to increased dependency on technology to improve their quality of life.

This study explores home as a hub for entertainment, relaxation, work, shared living, and health and wellness. Multifunctional smart homes of the future must cater to customers’ aforementioned needs, yet affordability must remain unchanged. In response, companies are looking to restructure residential living spaces as a means to ensure increased flexibility, modularity, and overall affordability.

Companies must help customers make their homes and neighborhoods secure by integrating smart home technologies to aid in monitoring and fostering community participation. Virtual guardians for smart homes are possible by integrating technologies such as AI and computer vision, depending on increased customer willingness and adoption.

Companies that help customers control their smart homes by making them energy efficient can profit from the global customer trend of increased environmental consciousness. Customers are increasingly looking for products and services that will improve control over their ecological footprint. In fact, some consider making their homes self-sufficient through novel solutions such as vertical hydroponic gardening or photovoltaic (PV) solar panels.

Smart and connected home penetration will nearly quadruple in the next 5 years, reaching more than 18% by 2025. The data from IoT-controlled home devices will track behavioral changes and generate personalized solutions at any point of the day. Safety, simplicity, and convenience are driving the adoption of smart home devices. Purposeful design and efficient use of space are significant elements of making the home into a smart home hub. This change will happen through the thoughtful integration of materials and technologies to accommodate residents’ varying needs.

Author: Akshay Ramesh Menon

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why Is Growth Becoming Increasingly Difficult To Achieve?

The Strategic Imperative 8™

Our Mega Trend Universe—Overview

Growth Opportunities Fuel the Growth Pipeline Engine™

Our Mega Trend Universe—Crowd Analytics Impact

Crucial Findings

Growth Opportunities Vital to Future Success

Opportunity Overview—Home as a Hub

Opportunity Overview—Home as a Hub (continued)

Opportunity Overview—Personalized Home Hub (Use Case)

Opportunity Overview—Intelligent Home Hub

Opportunity Overview—Smart Home Evolution

Opportunity Attractiveness

Trend Opportunity—Regional Exposure

Crucial Trend Opportunity Levers

Trend Opportunity—Case Study

Trend Opportunity—Competitive Activity

Trend Opportunity—Impact and Certainty Analysis

Trend Opportunity—Impact and Certainty Analysis (continued)

Trend Opportunity Matrix—Trend Innovation Index

Innovation Attractiveness Score

Trend Opportunity Matrix—Trend Growth Index

Growth Attractiveness Score

Trends BEETS Implications

Growth Opportunity 1—Socially and Contextually Aware Robots as Intelligent Companions

Growth Opportunity 1—Socially and Contextually Aware Robots as Intelligent Companions (continued)

Growth Opportunity 2—Virtual Guardians

Growth Opportunity 2—Virtual Guardians (continued)

Growth Opportunity 3—Self-sufficient Energy-generating Homes

Growth Opportunity 3—Self-sufficient Energy-generating Homes (continued)

Critical Success Factors for Growth

Conclusion—The Way Forward

Our Mega Trend Universe

Our Mega Trend Universe (continued)

Identifying Your Company’s Growth Zone

Your Next Steps

About the Growth Pipeline ModelTM

List of Exhibits

Legal Disclaimer

The COVID-19 pandemic forced customers to stay at home, and with restrictions on outside activities, the housebound often became overwhelmed with completing all of their daily tasks and activities in one space. This led to increased dependency on technology to improve their quality of life. This study explores home as a hub for entertainment, relaxation, work, shared living, and health and wellness. Multifunctional smart homes of the future must cater to customers’ aforementioned needs, yet affordability must remain unchanged. In response, companies are looking to restructure residential living spaces as a means to ensure increased flexibility, modularity, and overall affordability. Companies must help customers make their homes and neighborhoods secure by integrating smart home technologies to aid in monitoring and fostering community participation. Virtual guardians for smart homes are possible by integrating technologies such as AI and computer vision, depending on increased customer willingness and adoption. Companies that help customers control their smart homes by making them energy efficient can profit from the global customer trend of increased environmental consciousness. Customers are increasingly looking for products and services that will improve control over their ecological footprint. In fact, some consider making their homes self-sufficient through novel solutions such as vertical hydroponic gardening or photovoltaic (PV) solar panels. Smart and connected home penetration will nearly quadruple in the next 5 years, reaching more than 18% by 2025. The data from IoT-controlled home devices will track behavioral changes and generate personalized solutions at any point of the day. Safety, simplicity, and convenience are driving the adoption of smart home devices. Purposeful design and efficient use of space are significant elements of making the home into a smart home hub. This change will happen through the thoughtful integration of materials and technologies to accommodate residents’ varying needs. Author: Akshay Ramesh Menon
More Information
No Index No
Podcast No
Author Akshay Menon
Industries Cross Industries
WIP Number K71D-01-00-00-00
Keyword 1 Smart Home Hub
Keyword 2 Evolution of the Smart Home Hub
Keyword 3 Home as a hub
Is Prebook No
GPS Codes 9A3B