Your discussion must include the following: 1. The market value, targeted audiences of the selected device / system.

Smart home system

Your discussion must include the following:
1. The market value, targeted audiences of the selected device / system.
2. The Wireless technology being applied in the selected devices / system.

Solutions

Expert Solution

A smart home is that home which uses internet connected devices to enable the monitoring of various systems at home, examples are lightening and heating. Smart home System is building automation for a house. The smart house system refers to a range of solutions from monitoring,controlling to automating functions in a home.

Smart home market research shows that the Market Value of the smart home System is expected to grow from USD 76.6 billion in 2018 to USD 151.4 billion by 2024.

The targeted audiences, though fall in around seven categories. Still in the beginning affluent people should be targeted. As they will be ready to pay the premium for the comfort and security. Both young professionals and retired elderly can be targeted. As smart home System will make it easier for the young professionals to manage their homes, while giving support and security to the elderly.

B) wireless smart home System works by using low power epuipment that can send and receive information. Many wireless protocols have been developed. Like ANT ,Bluetooth wifi etc.

Over all we can conclude that the market for smart home System is growing constantly and the future looks good.

Rahul Sunny answered 1 year ago

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