Deep Dive 17 minutes Premium

Connected Home Series: What Happens When Your Home Is Smarter Than You?

Executive Summary

  • By 2020, there will be approximately 25 billion IoT-enabled devices, 13 billion of them in the consumer electronics segment, says Gartner Research.
  • Consumers across demographics are excited about owning a smart home.
  • The key drivers in smart home adoption are home security, energy efficiency, entertainment, convenience/productivity, connectivity and health monitoring.
  • The industry is marked by strategic collaboration between the IT giants and the rise of startups which develop popular smart devices.
  • Interoperability between devices and the high cost of adoption are two issues to be resolved for the market to develop further.

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