HomeKit Compatible Device Shipments To Reach 180 Million By 2020

Edmonds, WA - While the smart home has long been a market for early adopters, the maturation of key technologies such as mobile, cloud computing and IoT has widened the appeal of the connected home in recent years. Momentum for the smart home is expected to increase further in the second half of 2015, as products compatible with HomeKit, Apple's new smart home framework, come to market. According to a new report from NextMarket Insights, HomeKit compatible shipments will grow significantly in the coming years, reaching 180 million devices shipped by 2020.  "Apple's track record of creating excitement for nascent markets is unparalleled," says Michael Wolf,...
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Arrival Of The Smart Kitchen To Change Way We Track, Prep And Cook Food Over Next Decade

Edmonds, WA - As smart home and Internet of Things technology becomes widely adopted in the coming years, one of the areas in the home that will see the greatest change over the next decade is the kitchen. The growing impact of this new technology and the resulting "smart kitchen" will result in a $10.1 billion market opportunity by 2020 according to a new report from NextMarket Insights. "Whether it's food storage, preparation, or the act of cooking itself, the arrival of new technologies will enable consumers to become more efficient, knowledgable and possibly even better cooks in coming years," said Michael Wolf, Chief Analyst with...
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The Do-It-Yourself (DIY) Smart Home Market Set To Explode In Coming Years According To NextMarket

Edmonds, WA - While a small segment of consumers have long been interested in home automation, only recently has a confluence of new technologies set the stage for broader interest in a new, more expansive smart home. The fastest growing part of this new smart home market is the do-it-yourself (DIY) segment, fueled by a wave of new products that consumers buy, install and manage by themselves. NextMarket forecasts the DIY smart home to reach $7.8 billion in the US by 2019 according to a new report. "Early generations of smart home products were expensive and often required a professional installer," says Michael Wolf,...
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Home security market set to reinvent itself in age of smart home

Edmonds, WA - Over the next decade, the home security market will undergo massive change, as smart home, mobile and cloud technology enable new alternatives to traditional, professionally installed  solutions. One of the emerging alternatives is do-it-yourself (DIY) self-installed home security solutions which, according to a new report from NextMarket Insights, will account for $1.5 billion in equipment and services by 2020. "The traditional home security market in the US has plateaued at 25% market penetration," says Michael Wolf, chief analyst at NextMarket Insights. "The reason is that while most consumers want to feel safe, only a segment of the...
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Smart Lock Market Set To See Explosive Growth In Coming Decade

Edmonds, WA - The residential lock market is going to be radically reinvented in the coming decade, as a new breed of connected locks and access control systems grow in popularity worldwide. According to a new report from NextMarket Insights, the global smart lock market will grow from $261 million today to $3.6 billion by 2019. "The mainstreaming of the smart home is driving innovation in previously forgotten categories of home hardware and systems," says Michael Wolf, Chief Analyst with NextMarket Insights. "Established security and home hardware companies increasingly face competition from upstarts who are introducing a new breed of...
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ACR Technology To Drive Social TV As It Reaches 2.5 Billion Devices by 2017

Edmonds, WA - The TV industry, embattled by time-shifting technology, over-the-top streaming and other consumer-empowering technologies, is hoping a new technology can help re-engage TV viewers lost over the past decade. That technology, called Automatic Content Recognition (or ACR), will help over 2.5 billion devices deliver more highly synchronized experiences built around live and on-demand viewing content by 2017 according to a new report by NextMarket Insights. "TV broadcasters and advertisers have struggled to engage today's viewer, who controls the when, what and where of their TV viewing experience," says Michael Wolf, Chief Analyst for NextMarket Insights. "However, the industry is adjusting to...
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Forecast: Over 50% of smartwatches shipped in 2014 to run Android according to NextMarket Insights

 In 2014, the smartwatch market is expected to grow to 15 million shipments worldwide, up from 5 million shipments in 2013. According to a new report from NextMarket Insights, this strong growth is expected to provide a new market opportunity for Android moving forward, as the mobile operating system is expected to account for 53% of all smartwatches in the coming year
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Smartwatch Market Forecast to Grow From 15 Million in 2014 to 373 Million by 2020

Seattle - According to a new report from NextMarket Insights, the growing adoption of smartwatch software and wireless technologies by traditional watchmakers, the continued advancement of screen and mobile processor technologies and the strong expansion of smartwatches in the children and health/active lifestyle segments will drive the overall smartwatch market from 15 million watches shipped in 2014 to over 373 million by 2020. "The watch industry ships over 1 billion watches a year, and there are nearly 7 billion mobile subscribers worldwide today," says Michael Wolf, Chief Analyst. "We believe the smartwatch category can become a substantial market opportunity even...
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Smart Home Finally Begins to Move Into the Mainstream

According to a new report from NextMarket Insights, the worldwide smart home systems and services market will grow from a $3.6 billion to $14.7 billion by 2017, driven by growing acceptance of smart home technology into the mainstream and a fast-growing managed home automation systems and services market.
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TV Apps and Services Market to Reach $14 billion by 2017

SEATTLE--(BUSINESS WIRE)--- The connected TV apps and services market is expected to explode in the next five years as new app frameworks in smart TVs, net-tops (i.e. Apple TV, Roku), Blu-ray devices and game consoles serve as the foundation for a new TV app economy. NextMarket Insights forecasts the US TV app economy to reach $14 billion by 2017, up from under $4.5 billion in 2012. “Market growth will be driven by a number of monetization models,” says Michael Wolf, Chief Analyst for NextMarket Insights. “The growth of app-delivered subscriptions, virtual pay-TV bundles, advertising, premium apps, in-app purchases, transactional content and...
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