ABI Research says the smart home market was worth $56 billion in 2018, and it’s expected to reach $123 billion by 2022. However, smart home has its work cut out for it, and, in many ways, it always has. While far more consumers recognize the benefits of smart-home technologies than they did 10 years ago and far more of them have smart technologies in their homes, the ecosystem remains a complicated one. Interoperability is one of the main challenges facing the space, but smart-home industry players are working toward a more standardized, interoperable smart home future.
Shiv has over 8 years experience working on Internet of Things and an avid user of Drones