Smart Services Vs Connected Devices- Which you choose?
Everyone is excited about the market potential of the IoT connected smart home but main question is what do we need to know to be successful in this rising industry? First off all, consumers don’t want connected devices but they want connected smart services like home security, Energy Management and Climate, lifestyle monitoring, Lighting control etc. Secondly, consumers don’t want to navigate many apps on their smart phone to manage each smart service. Instead of it, they want a app with a single easy to use interface and a dashboard which controls all smart services. That means the smart home requires an ready-to-go and easy-to-use service.
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What is the Solution?-Smart Home as a Service
Instead of a consumer have to decide which hardware and softwares to install in their home, they can simply leave it up to the providers of home services. The consumer will paid a monthly fees for them and the service provider make sure all services are working and that’s all.
How it Work’s?- There are 4 Components in a SHaaS
Sensors(Temperature, position, motion): It detect’s the changes and sends data to processor.
Local Hub(Gateway): Collects the data from sensor and securely transmits to intelligent cloud service that collects and analyzes the data and then generate alerts to responders.
Consumer’s management app: all the smart services need to navigate in single user interface and easy-to-use dashboard where the home member can monitor the state of home.
Service provider: handle’s customer support, billing, subscriber management, software and service upgrades and changes.
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Market Survey: The global smart home as a service market is anticipated to grow significantly with an impressive CAGR of 18.1% in the coming years. As a result of the fast proliferating IoT services and incremental ARPU, the market is gaining significant traction from new players.