Study on the Development Status of Smart Home: Huawei Smart Home as an Example

Abstract

With the rapid development of the economy and technology and the application of technologies such as 5G in the Internet of Things, the smart home gradually enters the daily life of consumers through the presentation of different scenes. Multiple factors influence Huaweis late start in the smart home. This passage uses the 4PS marketing strategy and PEST analysis to conduct research from four levels: politics, economy, technology, and society. The study finds that in the development process of the Huawei smart home, political and economic factors play a leading role, while technology and social factors play a mentoring role. Four factors promote its rapid development under the macro environment. Relevant political conditions promote the development of smart home. In contrast, good economic conditions promote the rise of smart home, and developed technical conditions give smart home innovation and optimization power. Finally, social groups directly affect the popularity of smart home.