Smart Home

The big challenge is to identify opportunities on the market and develop suitable business models before the boom in smart home and smart building business starts and competitors have snapped up the potential.

According to recent studies, by 2025 the smart home market in Germany will have grown to up to 19 billion euros. The term “smart” in this context symbolizes the intelligent and overarching networking of systems and installations, with a main focus on energy conservation, better quality of life, and security.

The difference between smart home and smart building is a matter of application. Smart home covers privately used space, whereas smart building relates to commercial buildings. The issue is closely connected to new smart energy applications: from a strategic standpoint, smart buildings are the basic consumers in the smart grid and therefore in the smart cities of tomorrow. The way we will live in the future (higher living standards, better quality of life at home and at work) creates major challenges for energy production and distribution, which is why smart solutions have to be transformed into a comprehensive and interconnected system.

Over the past few years, LATUS consulting has helped many companies to position their products and services in the German market.

 

LATUS consulting assists companies and organizations with developing smart building and smart home solutions by:

  • Developing and defining smart home and smart building strategies
  • Evaluating technology maturity levels
  • Assessing market conditions and potential
  • Developing business plans, cost and TCO calculations
  • Assessing risks of technology scenarios and business models
  • Deriving technology, network, and IT requirements
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