In 2014, the year began with the significant announcement of Google acquiring Nest Labs, then followed by the acquisition of Dropcam by Nets Labs.
The Smart Home seminar held today on 14, August by the a&s SMAhome magazine saw nearly 50 attendees. These attendees are the representatives from the key players in segments of telecommunications, surveillance equipment, and alarm system. The seminar host, a&s SMAhome magazine, shares its in-depth observations and opinions regarding market, technologies, and business models.
Besides the professional media observations, the join of three heavy-weight speakers from Gemtek, Climax Technology, and STMicroelectrionics, inspires the audience with their valuable views points from years of business experiences.
In 2014, the year began with the significant announcement of Google acquiring Nest Labs, then followed by the acquisition of Dropcam by Nets Labs. While the smart home industry is booming, to all players and new comers the future of the market is abundant with opportunities, but also challenges. SMAhome, as the first and only international magazine brand which provides up-to-date purchasing references for global buyers, shared observations on market and supply chains.
The major topics of the seminar focused on the strengths and weakness of Taiw+anese device and service provides. Veronica Chen, Editor in Chief of SMAhome magazine, rolls out the six scenarios based on the Top 10 Smart Home news, and the four business models in smart home. She demonstrated the key role of cloud-base management in smart home application, and the design trends of home gateways. It is obvious that the 2014 is a key year for smart home; the market expects for a breaking -through of market volumes. To all participants, the question in mind is to think out of the box, creating the value business in the current challenging international environment.
Shares of service experiences
The seminar features three speakers from industry-known Taiwan manufacturers—Gemtek, Climax Tech, and STMicroelectrionics. Y.K. Chen, Director of new business development from Climax points out that, facing an international market blooming with opportunities and challenges, Taiwanese makers need to deal with one of the major weakness, lack of user experiences. It is a big challenge when it comes into home domain.
Another challenge is the integration. With new comers joining in the market, integration is the key to success. On top of these, the core thinking needs to be shifted from a hardware manufacturer to a service provider.
About a&s SMAhome magazine
Since the launch at the end of 2013, the a&s SMAhome magazine has published three issues so far. As the only, and the first international B2B sourcing magazine providing market trends and purchasing references for smart home buyers. The content is to map out the new and blooming market. The magazine covers latest product trends, industrial development, tradeshow spotlights and special reports of outstanding companies. From the editor's observation, the majority of Asian smart home makers are involved with the business of security cameras. Besides, the magazine has released a report of 13 global well-designed wireless alarm kits, and a market report of high-potential product, smart locks, with overlook of current wireless standards. Never to miss the tradeshow overview of the CES and CeBIT with special report of industrial trends and driving forces of smart home market.
Facing keen price competition in hardware manufacturing, Kevin Yang, Exec. Board of Director of Gemtek suggested that the future competitiveness relies on software development capability and cloud services instead of offering merely hardware solutions, especially for the smart home industry. He believes services will lead the development of hardware in coming years. Hardware devices cannot control the smart home, but softwares and services will do. Being a service provider will be more competitive, added Yang.