IoT Connectivity in Europe Value of Connected Products

ReportsWorldwide has announced the addition of a new report title IoT Connectivity in Europe Value of Connected Products to its growing collection of premium market research reports.
By: ReportsWorldwide
BOSTON - Nov. 23, 2017 - PRLog -- The European smart home market remains virtually untapped. Many companies have been slow to act due to their sense of overhype and gadgetry. However, some early activity and accompanying success are happening.

This report provides an approach to analyzing smart home/connected products needs and services. It provides deep profiles of 11 different types of EU companies and how they are addressing strategies for smart home product and services. This reports provides insight to the multiple activities of diverse players and helps each company expand its own vision.

Currently the United Kingdom leads Germany, France and Spain in Interactive Smart Home ownership.

"Some European companies have been hesitant to jump into the IoT space due to their sense that this area suffers from overhype and gadgetry," said Tricia Parks, founder, president, and CEO, Parks Associates.

"That view held some truth; however, the environment is changing. Early activity and accompanying success by EU companies as diverse as Assa Abloy, Miele, and Somfy are clearly visible. Meanwhile, global giants such as Samsung, Amazon, Apple, Google, and Microsoft are taking vigorous action to spur the marketplace."

Parks Associates notes that while connected products have not achieved critical mass in Europe, introductions of connected products with previously unavailable benefits are occurring with increasing frequency. Consumers are taking notice. The firm notes that the IoT global phenomenon is inevitable so companies learning how to navigate now, during a time of experimentation, are ahead of the curve.

"Introductions like Ikea's lighting system provide an alternative to popular innovator Philips Hue, which increases competition and eventually lowers prices. Amazon's Echo Show, Tap, and Alexa are paving the way for smart product control and access by voice control, while connecting traditional products such as smart video doorbells, shutters, and door locks add functions such as remote access, control, alerts, and cameras," Parks said.

To view a detailed description and Table of Contents please visit:


1.0 Report Summary

1.1 Purpose of Report
1.2 Research Approach/Sources
1.3 Key Questions

2.0 Market Overview

2.1 Drivers & Inhibitors

3.0 The Elements of IoT Product & Service Strategy

3.1 Diffusion of Connectivity across Product Lines
3.2 New Product Introductions, Retrofit Options or Both
3.3 Product Mix and Services
3.4 Analytics
3.5 Automation

4.0 Distribution Strategy

4.1 Expanding Channels
4.2 Sales of Connected Products and Their Corollary Services
4.3 Up- and Cross Sales
4.4 Channel and Customer Support
4.5 Pricing Models

5.0 Technology & Infrastructure

6.0 Big Data

7.0 Innovative Activity & Business Models

7.1 Business Models for IoT

8.0 Select Profiles of European Companies' IoT Activity

8.1 Profiles
Nespresso – A Nestle Company
Somfy: Connected Home Solutions Business
Securitas AB
Assa Abloy – Digital Door Lock (DDL)
Verisure – Assa Abloy – Yale DDL – A European Use Case
Philips Hue
Gardena – A Husqvarna Group Company
Hive – A Centrica Company
8.2 Status of Profiled Companies by Topic

9.0 Recommendations: Guidelines for IoT

10.0 Appendix

10.1 Glossary
10.2 Index

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Tags:Iot, Europe, Connected Products
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