NEW YORK, April 12, 2016 /PRNewswire/ -- As the proliferation of wearable devices increases, newer market applications emerge. The smart home market is an attractive opportunity for employing wearable devices. A nascent market, it is important for smart home and wearable vendors to understand the market potential and prepare for the evolution of the smart home ecosystem. In this report, Frost & Sullivan assesses the key growth areas for wearables in smart homes, namely remote control, healthcare monitoring, authentication, and personalised home.
The home automation market is in an early growth stage, with most consumers yet to deploy smart home applications. Similarly, the use of wearables is at an early stage of development.
Though there is talk about using wearable devices in the smart home, the market is very nascent. Smartphones dominate the space for smart home control and wearable device vendors have only just started building partnerships with home automation providers.
The remote monitoring of smart home devices, healthcare monitoring, and personalization of the ambient environment in the home are the biggest opportunities for wearable device use in the smart home.
Technological challenges involving wearable device controls, contextual awareness, data security, machine intelligence, and platform compatibility need to be resolved to enable wearable applications in the smart home.
Wearable device business models are still evolving. It is important to develop an attractive business model that integrates with the subscription-based model of home automation solutions.
Read the full report: http://www.reportlinker.com/p03548139-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: firstname.lastname@example.org
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-role-of-wearable-devices-in-the-home-of-the-future-300249494.html