In key geographic markets, smart home device sales will reach 356.3 million units annually in 2024, accounting for 80.2 million total smart homes. This represents an installed base of 1.33 billion smart home devices, with annual sales revenue of $21.3 billion (€18.99 billion) in 2024.
According to a new research report from the IoT analyst firm Berg Insight, the number smart homes in Europe and North America reached 45 million in 2017.
A new study from Juniper Research has found that increasing smart security adoption will drive home automation and monitoring revenues from an estimated $12 billion (€10.15 billion) in 2018 to over $45 billion (€38.07 billion) by 2023, representing a growth of over 260%.
Hubitat, Inc. has just unveiled the home automation platform designed to run 100% locally, greatly improving reliability compared to the cloud-dependent hubs currently on the market. The local approach to home automation also delivers faster device response and keeps personal data secure.
You can always count on change as a constant in the Internet of Things (IoT). Here, David Grammer, PTC UK’s senior vice-president, describes five product trends we should keep an eye out for. The way that manufacturers manage information throughout the product lifecycle has changed significantly in the past few years.
Berg Insight, the M2M/IoT market research provider, released new findings about the smart thermostat market. The number of North American and European homes with a smart thermostat grew by 67% to 10.1 million in 2016.
High price tags continue to put smart homes beyond the reach of most home owners and many who can afford to pay are not been sold on the benefits, according to a report from Beecham Research released today.
In part 1 of this article we looked at how new ultralow-power RF transceiver technologies are bringing class-leading range performance and high resilience to interference sources.
The IoT offers such a wealth of opportunity that you need the courage to work with others in order to move faster, argues one of the industry’s leading lights, Drew Johnson, vice president of engineering at California-based service provider Aeris. Report by Nick Booth, freelance IT & communications writer.
The largest share of the IoT pie is taken up by Smart Home devices. Products like Nest and Hue are seen as pioneers, and we see new innovations following suit every day. For anyone eager to explore this market, it’s important to understand the factors behind this growth and how to solve for this segment.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.