The tech giant, Samsung, has added three new products for its SmartThings line. The new products include its SmartThings Cam, the SmartThings Wifi Smart Plug, and the SmartThings Smart Bulb.
All of the new products have different price points and are currently available. The Cam is $89.99, the Smart Plug is $17.99 and the Smart Bulb is $9.99. All three of the products are priced at or below market price, making them easily accessible to consumers.
The SmartThings line is intended to offer devices that can be used to implement smart home technology. SmartThings was acquired by Samsung in 2014 and it offers different smart home products created by different companies. The SmartThings platform has over 600 items form 60 different companies.
Affordable Smart-Home Product Lines
Samsung is Expanding its Range of SmartThings Products
Trend Themes
1. Affordable Smart-home Devices - The trend towards affordable smart-home products, such as Samsung's SmartThings line, offers disruptive innovation opportunities for companies looking to expand their smart-home offerings to a wider consumer base.
2. Expansion of Smartthings Line - Samsung's expansion of its SmartThings line highlights the trend towards creating a comprehensive smart-home ecosystem and presents opportunities for companies to develop new products that integrate with the SmartThings platform.
3. Increasing Accessibility of Smart Home Technology - The expansion of affordable smart-home product lines, including Samsung's SmartThings line, is facilitating the wider adoption of smart home technology, creating opportunities for companies to develop products that cater to the growing market of smart home consumers.
Industry Implications
1. Smart-home Technology - The expansion of affordable smart-home product lines, such as Samsung's SmartThings line, presents opportunities for companies in the smart-home industry to develop their product offerings and tap into a wider consumer base.
2. Consumer Electronics - The trend towards affordable smart-home products, as exemplified by Samsung's SmartThings line, is driving innovation in the consumer electronics industry and creating opportunities for companies to develop new products that cater to the smart-home market.
3. Home Automation - The accessibility and affordability of smart-home products, including Samsung's SmartThings line, is driving innovation in the home automation industry, creating opportunities for companies to develop new products that cater to the growing smart-home market.