Global Connected Home Market Report 2022-2027 - COVID-19 Reinforces the Dominant Market Trend that Connected Homes are Extensions of the Smart Workplace
DUBLIN, Aug. 10, 2022 /PRNewswire/ -- The "Connected Home Market by Technology, Computing Type, Service Provider Type, Application, User Interface, Connection Type and Deployment 2022 - 2027" report has been added to ResearchAndMarkets.com's offering.
This report assesses the connected home marketplace, including major industry players, and solutions. The role of AI, IoT, and supporting technologies is evaluated with an analysis of current market inhibitors and solutions.
One of the lessons learned from the COVID-19 pandemic is that the smart home has become an extension of the smart workplace for many workers. The author sees integration between business communications and collaboration solutions and smart home technologies as a high growth area for application developers and systems integrators. The publisher believes this trend will provide a substantial boost for stand-alone applications as well as pre-integrated and do-it-yourself (DIY) solutions.
However, the notion of the smart, connected home is evolving as supporting technologies evolve, providing solutions for greater intelligence, connectivity, and control. Connected homes are becoming the focal point of virtually all consumer electronics and appliances as well as a point of interface for other consumer durable goods such as automobiles.
The connected home market is also to become much more robust with the integration of various artificial intelligence (AI) technologies. The author sees the evolution of smart speakers for consumer markets and intelligent agent solutions for the business segment aligning closely with the evolution of AI and Internet of Things (IoT) technologies in general. For example, the virtual personal assistant market is anticipated to hit a high-growth inflection point as open-source software and APIs become available for application development.
AI engines behind leading smart home VPAs are rapidly improving, which includes a more conversational intelligence. As the interface between humans and computers evolves from an `operational` interface (websites and traditional apps) to an increasingly more `conversational` interface, expectations about how humans communicate, consume content, use apps, and engage in commerce will change dramatically.
The publisher has seen this in many instances as part of our Artificial Intelligence of Things (AIoT) research practice focused on how AIoT solutions are being deployed to achieve more efficient IoT operations, improve human-machine interactions and enhance data management and analytics.
For example, smart home technology would be considered a part of AIoT as smart appliances learn through human interaction and response. AIoT is transformational and mutually beneficial for solutions that involve both technologies as AI adds value to IoT through machine learning capabilities and IoT adds value to AI through connectivity, signaling, and data exchange.
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