Jürgen Hase, vice-president of Deutsche Telekom’s M2M Competence Center, anticipates a number of changes for the German smart home market over the next few years, including the emergence of new service models.
Jürgen will be speaking at the Digital Home World Summit 2013 event, taking place in London on 18th-19th June. For more information and to register, please visit www.digitalhomeworldsummit.com.
New service models will emerge
The smart home market is undergoing changes as new service-based models emerge, according to Jürgen, who predicts that hardware will continue to have the biggest share.
Home automation will take the most revenues
Jürgen: “We expect four key segments in the smart home market to account for 89% of the market: home automation (40%), smart energy (20%), ambient assisted living and digital health care (15%), and self monitoring and control (10%).”
German market will treble in five years
“We expect the German market to rise from €1.6bn in 2013 to €4.9bn in 2017, including hardware, installation and services.”
Cooperation will be key to success
“We expect to see a fragmented supplier structure: no single player will cover all smart home segments. Cooperation will be key to success.”