Deep Dive 17 minutes PremiumConnected Home Series: What Happens When Your Home Is Smarter Than You? Coresight Research October 22, 2015 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. 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: Earnings Insights 3Q23, Week 4: Alibaba, Walmart and More Report Positive Sales Growth; Gap, Macy’s and Others See Sales Decline4Q23 US Livestreaming Tracker: Trust and Quality Drive Purchase Decisions in Live-Video CommerceJuly 2024 US Retail Sales Outlook: Projecting Growth Acceleration Following a Weak JuneThe Coresight Research CORE Framework for Generative AI in Retail