SYS-CON MEDIA Authors: Pat Romanski, Gary Arora, Zakia Bouachraoui, Yeshim Deniz, Liz McMillan

News Feed Item

CORRECTING and REPLACING GRAPHIC Global Smart Shade Devices Market Forecast to Showcase a CAGR of 90% Through 2021: Technavio

Please replace the graphic with the accompanying corrected graphic of release dated January 13, 2017.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20170113005439/en/

Technavio has published a new report on the global smart shade devices market from 2017-2021. (Graph ...

Technavio has published a new report on the global smart shade devices market from 2017-2021. (Graphic: Business Wire)

The release reads:

GLOBAL SMART SHADE DEVICES MARKET FORECAST TO SHOWCASE A CAGR OF 90% THROUGH 2021: TECHNAVIO

Technavio analysts forecast the global smart shade devices market to grow at a CAGR of close to 90% during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of the global smart shade devices market for 2017-2021. The study considers revenue generated from the business-to-consumer (B2C) and business-to-business (B2B) of smart shade devices to individual customers in the global market to calculate the market size.

Region wise, North America leads the market, holding a share of almost 50% in the market (2016 figures). The region is currently witnessing an increased adoption of smart homes and related devices, owing to the benefits associated with their use. Additionally, consumers are increasingly adopting window covering products that can be controlled automatically or by the intervention of electronic remote control equipped with wireless technology or by smartphones and tablets. These factors are impacting the high penetration rates of smart shades in the market segment.

By technology, this market can be segmented into Wi-Fi, Bluetooth low energy (BLE), and others like Z-Wave, X-10, and ZigBee technologies. Among these, smart shade devices powered by Wi-Fi wireless technology are the most popular, with more than two-fifth of the global market's revenue being controlled by this segment. The share is likely to increase during the forecast period to reach half of the total market’s revenue, driven by features like ease of accessibility and high range of compatibility.

Request a sample report: http://www.technavio.com/request-a-sample?report=55640

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio analysts highlight the following three factors that are contributing to the growth of the global smart shade devices market:

  • Demand for smart homes
  • Increase in acceptance of motorized shades
  • Energy savings and home security

Demand for smart homes

Home automation involves the automation and control of lighting, air conditioning, ventilation, heating, and security that use Wi-Fi for remote monitoring. A smart home system is also capable of integrating the automation of smart shades for windows and other places inside the home. Modern smart home systems consist of a central hub or gateway that links multiple sensors and switches placed around the house,” says Poonam Saini, one of the lead analysts at Technavio for retail goods and services research.

With the presence of competing technology vendors operating in the market, combined with a lack of industry standards for these technologies, the home automation space is heavily fragmented. The manufacturers often prevent independent implementations of various technologies like Wi-Fi, BLE, ZigBee, and other technologies by withholding documentation and by taking legal action against individuals or organizations.

Increase in acceptance of motorized shades

The demand for shades operated by motorized mechanisms is expected to increase for both residential and commercial use during the forecast period. Motorized shades integrate technologies such as BLE or Bluetooth Smart, Wi-Fi, and other wireless technologies to communicate with the motor mechanism and automate the movement of such shades. Consumers in developed markets such as the UK, Germany, the US, Canada, and Japan are increasingly adopting these motorized shades.

The devices that are used to motorize shades can control multiple windows from one mobile app. Users also have the ability to set daily or weekly schedules to automate each room of the house. Additionally, the devices can also be operated using smart touch interfaces instead of through an app, which is a common feature that many users prefer. These factors have been encouraging people toward investing in motorized shades.

Energy savings and home security

Smart window shades can contribute to energy savings as a part of a smart home or home automation system. On an average, families in the US spends at least USD 2,000 per year on their home's utility bills, with cooling and heating systems accounting for a majority share. Smart systems help minimize loss of energy due to poor insulation and aids in cutting bills by up to 50%,” says Poonam.

Smart shades also aid in home security as they are integrated with equipment that automates the opening and closing of windows. They also have features to allow for automated lighting, which gives the impression that the house is occupied even when it is not, thereby deterring burglars.

Browse Related Reports:

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like cosmetics and toiletry, pet supplies, and retail systems. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
While a hybrid cloud can ease that transition, designing and deploy that hybrid cloud still offers challenges for organizations concerned about lack of available cloud skillsets within their organization. Managed service providers offer a unique opportunity to fill those gaps and get organizations of all sizes on a hybrid cloud that meets their comfort level, while delivering enhanced benefits for cost, efficiency, agility, mobility, and elasticity.
Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software with the simplicity and reach of the open web. With staff in 10 timezones, Isomorphic provides a global network of services related to our technology, with offerings ranging from turnkey application development to SLA-backed enterprise support. Leadin...
DevOps has long focused on reinventing the SDLC (e.g. with CI/CD, ARA, pipeline automation etc.), while reinvention of IT Ops has lagged. However, new approaches like Site Reliability Engineering, Observability, Containerization, Operations Analytics, and ML/AI are driving a resurgence of IT Ops. In this session our expert panel will focus on how these new ideas are [putting the Ops back in DevOps orbringing modern IT Ops to DevOps].
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Concerns about security, downtime and latency, budgets, and general unfamiliarity with cloud technologies continue to create hesitation for many organizations that truly need to be developing a cloud strategy. Hybrid cloud solutions are helping to elevate those concerns by enabling the combination or orchestration of two or more platforms, including on-premise infrastructure, private clouds and/or third-party, public cloud services. This gives organizations more comfort to begin their digital tr...
Most organizations are awash today in data and IT systems, yet they're still struggling mightily to use these invaluable assets to meet the rising demand for new digital solutions and customer experiences that drive innovation and growth. What's lacking are potent and effective ways to rapidly combine together on-premises IT and the numerous commercial clouds that the average organization has in place today into effective new business solutions.
Keeping an application running at scale can be a daunting task. When do you need to add more capacity? Larger databases? Additional servers? These questions get harder as the complexity of your application grows. Microservice based architectures and cloud-based dynamic infrastructures are technologies that help you keep your application running with high availability, even during times of extreme scaling. But real cloud success, at scale, requires much more than a basic lift-and-shift migrati...
David Friend is the co-founder and CEO of Wasabi, the hot cloud storage company that delivers fast, low-cost, and reliable cloud storage. Prior to Wasabi, David co-founded Carbonite, one of the world's leading cloud backup companies. A successful tech entrepreneur for more than 30 years, David got his start at ARP Instruments, a manufacturer of synthesizers for rock bands, where he worked with leading musicians of the day like Stevie Wonder, Pete Townsend of The Who, and Led Zeppelin. David has ...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Addteq is a leader in providing business solutions to Enterprise clients. Addteq has been in the business for more than 10 years. Through the use of DevOps automation, Addteq strives on creating innovative solutions to solve business processes. Clients depend on Addteq to modernize the software delivery process by providing Atlassian solutions, create custom add-ons, conduct training, offer hosting, perform DevOps services, and provide overall support services.
Contino is a global technical consultancy that helps highly-regulated enterprises transform faster, modernizing their way of working through DevOps and cloud computing. They focus on building capability and assisting our clients to in-source strategic technology capability so they get to market quickly and build their own innovation engine.
When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...