Strategy AnalyTIcs' recent research report "The Q1 Smart Home Market Status in 2017" pointed out that the new vendors' active competition for this position in this emerging market has triggered market turmoil. As service providers seek sustainable benefits beyond security monitoring services, business models are changing and smart home platforms are seen as the key to differentiation. In order to maintain control over key functions and performance improvements, some companies develop their own platforms (such as Lowe's, Vivint) or acquire platform developers (AT&T, BriTIsh Gas, Eneco); other service providers such as Dixons Carphone, Telefonica, KPN, O2, Orange, and Securitas use Zonoff, Huawei, Qivicon, AT&T, MiOS, and Alarm.com platforms through licensing agreements. The main findings in the report include: Well-designed devices will be part of the "networked integration system." Equipment manufacturers need to build ecosystems, such as HomeKit that Apple is working on, or joining an ecosystem. Creating a sustainable revenue business model is the key to success. Cross-industry collaboration is essential to creating attractive value-added services. Professional installation for smart home services to ensure higher customer satisfaction. Bill Ablondi, one of Strategy AnalyTIcs' smart home team directors and report authors, said, "Our user experience research shows that consumers are reluctant to use multiple applications to manage multiple smart home devices on their smartphones. One-time devices will be in the market. Maintaining an important position, but in the home, a smart home system based on a unified software platform that manages all devices is the market direction we see." The 2017 forecast includes: A business model for profiting data collected through smart home devices will emerge. Bluetooth Mesh is starting to appear, and with the addition of Bluetooth 5, it will threaten ZigBee, Z-Wave and Thread. In 2017, the trend of not using smartphones as the main home interface will continue Global consumer spending on smart home services will nearly triple from $17 billion in 2016 to $50 billion in 2022. North America will remain the largest market during the forecast period, but China is driving development in the Asia Pacific region.
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