Insight Report 13 minutes PremiumConnected Home Series Wrap-up Coresight Research May 20, 2016 Executive Summary The global smart home market is estimated to reach $43.0 billion in 2020, according to Statista. The most important drivers for smart home adoption are household Internet connectivity and smartphone ownership. By 2020, the percentage of global households with Internet access is expected to touch 69%, and global smartphone penetration is expected to reach 75%. Two key barriers to smart home adoption are interoperability of devices and vulnerability to cyber attacks. Internet of Things (IoT) companies are making an effort to include more devices under a popular protocol’s umbrella of compatible products, and IoT security companies are providing customers with tools to help them secure their connected homes. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Coresight Bites: US Furniture and Home Furnishings—E-Commerce Penetration DeepensWeinswig’s Weekly: Pioneer the Future of Retail at NextGen Commerce, a Coresight Research AI ConferenceUS Store Tracker Extra, February 2024: Tractor Supply Adds 4 Million Square Feet to OpeningsGenerative AI Latest: New Funding, Infrastructure and Applications, Plus Google’s Recent Product Launches and Tech Partnerships