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2 Secondary Research3. 3 Primary Research3. 4 Forecast Model4 Market Landscape4. 1 Porter’s Five Forces Analysis4. 1. 1 Threat of New Entrants4.

 

Blandit Etiam

IoT has significant ramifications for the future of smart homes: the more devices that are connected to the Internet, the more can potentially integrated into the smart home system. Examples of IoT as relates to smart homes are the Nest Learning Thermostat, the Chop Syc digital chopping board, the Toncelli Kitchens digital kitchen countertop, the air monitor Birdi, and the Wattio SmartHome 360 energy monitor. Currently, less than 1% of homes employ full smart home technology. But by 2018, HIS Technology, a research firm, predicts that 45 million smart home devices will have been installed, and the annual business volume will have grown to $12 billion dollars. ABI Research predicts growth to $14. 1 billion by 2018.