Global smart home market is expected to reach $122 billion by 2022 according to research firm MarketsandMarkets.
The typical UAE home is witnessing a momentous transformation, according to experts, one characterised by the increased adoption of smart technologies.
The smart home market, classified on the basis of products in lighting, security and access, HVAC, entertainment, healthcare, and kitchenware, is expected to reach $121.73 billion by 2022, at a compound annual growth rate of 14.07 per cent per cent between 2016 and 2022, according to research firm MarketsandMarkets.
Fahad Al Bannai, CEO of axiom telecom, believes the GCC – the UAE and Saudi Arabia in particular will play an important role in this rapid global growth.
The country’s telcos, Etisalat and du, have been important enablers of this smart home evolution. The UAE is estimated to have the region’s highest per capita smartphone penetration rate, at an estimated 73.8 per cent, according to Google, as well as a wide 4G LTE network that covers 85 per cent of the country’s populated areas.
In addition to providing the data network, both operators are taking initiatives to help residents embrace smart home technology.
Etisalat offers ‘Smart Living’, a unified approach to home automation that integrates home monitoring, security, safety, and air conditioning management into one system that can be managed from a smartphone, tablet, or computer.
du is bringing smart home solutions, ranging from surveillance and monitoring to entertainment automation, to its customers across the UAE through the operator’s partnership with PCCW Global.
axiom telecom now offers a host of smart home solutions, enabling customers to monitor and manage their home, from locking the door to switching off the light, anytime and anywhere. Mobile controlled IP cameras and sophisticated drones provide users with high-resolution photos and aerial footage, ensuring no area goes uncovered.
Integration and user-friendliness is key to encouraging more residents to install home automation and smart home technology, which otherwise might be perceived as an overwhelming complex system of independently functioning parts, says Al Bannai.
“This migration from offline to online home management is an important step in assimilating homes across the UAE into the country’s Smart City future,” Al Bannai adds. “It can help save and conserve energy, thus playing a supplemental role in sustainability. It can significantly raise the quality of life for UAE residents, redefining the way they handle day-to-day tasks. And it can enhance the entertainment experience. The possibilities are endless, but a unified approach through cross-industry collaboration is crucial to making this a positive and valuable experience for the end-user.”