Question

In: Economics

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.


Related Solutions

Discuss one of the following market structures – Monopolistic Competition or Oligopoly. In your discussion include...
Discuss one of the following market structures – Monopolistic Competition or Oligopoly. In your discussion include assumptions, examples, conclusions, efficiency, and comparisons with other market structures. (You may want to use a graph.)
For this Discussion, you will research the minimum wage laws. Your response must include a discussion of both the advantages and disadvantages of minimum wage laws.
For this Discussion, you will research the minimum wage laws. Your response must include a discussion of both the advantages and disadvantages of minimum wage laws.For example, you might consider these differing perspectives as you approach your research:Perspective One: The U.S. Department of Labor has imposed a minimum wage since 1938. Most states mandate minimum hourly wage rates, too. Minimum wage legislation inhibits an employer from setting wage rates below the directed amount. Although the goal is to help workers,...
Using the Annual Report of your selected company, answer the following questions in the Discussion:
LiabilitiesUsing the Annual Report of your selected company, answer the following questions in the Discussion:What is the breakdown of the company's current liabilities at year end?Calculate the company's times-interest-earned ratio for the year-end. What does this tell you about the company?How much was the company's long-term debt at year end?Compute the company's debt to equity ratio at year-end. How does it compare to the industry? What does this tell you about the company?
Write at least 1000 words regarding nurse theorist Virginia Henderson. Your discussion post must include 2...
Write at least 1000 words regarding nurse theorist Virginia Henderson. Your discussion post must include 2 references. You should give a short history of the theorist, discuss their major accomplishments, and discuss how they have made an impact on today's nursing practice.
Using the Annual Report of your selected company answer the following questions in the discussion: Did...
Using the Annual Report of your selected company answer the following questions in the discussion: Did your company have any preferred stock at year-end? How much of the company's common stock was outstanding at year end? Did the company pay any cash dividends during the year? Compute the basic earnings per share for the company. What method does the company use to report net cash flows from operating activities? How can you tell? What does this evaluation tell you about...
*****MUST ONLY USE****** #include <iostream> #include <fstream> #include <string.h> #include <stdio.h> Description The word bank system...
*****MUST ONLY USE****** #include <iostream> #include <fstream> #include <string.h> #include <stdio.h> Description The word bank system maintains all words in a text file named words.txt. Each line in the text file stores a word while all words are kept in an ascending order. You may assume that the word length is less than 20. The system should support the following three functions: Word lookup: to check whether a given word exists in the word bank. Word insertion: to insert a...
create a website that describes a city of your choice. The website must include the following...
create a website that describes a city of your choice. The website must include the following pages:  Home Page  Arts & Culture  News & Events  Recreation Requirements Write from scratch the HTML and CSS files and show your creativity, aesthetics and imagination. Begin by creating a wireframe diagram that indicates the structure of the web page . Use grammatically correct sentences that provide reasonable flow through each web page. Include the following:  Structural elements (header,...
Please respond to the discussion post 1 and 2 in your own words: (Must respond to...
Please respond to the discussion post 1 and 2 in your own words: (Must respond to both) Discussion post 1 How do you think most people see the majority of human interactions, as opportunities to compete or to cooperate? I believe that the majority of human interactions are seen as opportunities to compete. The reason I say this is the competitive nature that we have in us as humans. This nature is exemplified daily in our school and our work....
Please respond to the discussion post 1 and 2 in your own words: (Must respond to...
Please respond to the discussion post 1 and 2 in your own words: (Must respond to both) Discussion post 1 Organize and review all your work-to-date. What stands out to you that is potentially of strategic relevance? Think in particular about how your organization is, or can be, or should be different!How will being (more) different in this way potentially create competitive advantages for the organization? Is this a matter of completely reinventing the organization or of enabling it to...
Explain why a comprehensive analysis of a health intervention must include a discussion of administrative, political,...
Explain why a comprehensive analysis of a health intervention must include a discussion of administrative, political, and economic feasibility.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT