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The Smart Homes – A Promising Business Domain Which Worth Attention Of Romanian Telecom Companies

Author

Listed:
  • Radu PRODAN

    (Technical University of Cluj-Napoca, Department of Automation, Cluj-Napoca, Romania)

  • Ioan NAȘCU

    (Technical University of Cluj-Napoca, Department of Automation, Cluj-Napoca, Romania)

Abstract

In the paper the authors present an overview of the main worldwide development directions in the Smart Home solutions, review the Smart Home services, and give recommendations to potential Romanian and foreign investors in the establishment of such services in Romania. The homes and how people live and behave in them have evolved dramatically in the last fifteen years. Today, the authors are able to present a few major trends that revive the Smart Homes: social trends, digital addiction and the fact that global players see the home like the kernel of the digital atmosphere that surrounds us. The purpose was to identify an opportunity today, as these trends have a satisfying maturity degree.Studying various projects, authors were able to estimate that Smart Homes revenues will increase with 8-10 % per year until 2020 in Romania. These estimates include both direct revenues like home automation products/services and indirect revenues like maintenance of the new devices/services.

Suggested Citation

  • Radu PRODAN & Ioan NAȘCU, 2013. "The Smart Homes – A Promising Business Domain Which Worth Attention Of Romanian Telecom Companies," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 1, pages 333-339, June.
    • Handle: RePEc:cmj:seapas:y:2013:i:1:prodanr,nascui
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    More about this item

    Keywords

    Smart home; Telecom operator; Smart home service; Home automation;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L84 - Industrial Organization - - Industry Studies: Services - - - Personal, Professional, and Business Services
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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