Smart Home Mrkt To Boom 10X In 10 Years

The Smart Home; Integrated Hardware, Software, and Service Platforms for the Smart Home: Global Market Analysis and Forecasts

4Q 2017 (Navigant Research)

“…Homes that act intuitively and intelligently through an ecosystem of communicating devices, software, and services can enrich consumers’ lives by fostering increased comfort, awareness, convenience, and cost and energy savings…The automation and data stemming from smart technologies [into the cloud] can enable the home to become a dynamic grid asset that helps shift and shed load, generate clean energy, and contribute to grid reliability…[M]any challenges must be overcome…[because fragmented standards and protocols create] interoperability issues…[But the smart home concept] is gaining traction, and smart home solutions likely represent the future of the residential Internet of Things (IoT) and a vital component of the digital grid. According to Navigant Research, global smart home platform revenue is expected to increase from $4.2 billion in 2017 to $39.5 billion in 2026…” click here for more

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