HAMPSHIRE, U.K. — Home automation hardware, sold as stand-alone units, is forecast to exceed 300 million units by 2020, according to Juniper Research. This represents growth of more than 1,000 percent from an estimated installed base of 28 million units in 2015. While the smart home industry has been developing for years, more open approaches, partnerships, and falling hardware costs are driving adoption. Furthermore, media and retail efforts are aiding in raising consumer awareness.
The new research, “Smart Home Ecosystems & the Internet of Things: Strategies & Forecasts 2015-2020,” found that open platform efforts, such as those championed by SmartThings and Wink, have driven more cohesive ecosystems. Meanwhile, Deutsche Telekom’s open platform, Qivicon, demonstrates a shift in attitude even for incumbent service providers, who traditionally prefer total control over their services.
“There’s light at the end of the tunnel,” said research author Steffen Sorrell. “Open approaches certainly help move the connected home towards a smarter one.”
For more information, or to download a copy of the report, visit http://bit.ly/1T0xPLa.
Publication date: 12/28/2015