Connected homes have been waiting in the wings for a long time. Since the first step in the 80’s and 90’s towards smart illumination and sound systems which were mainly aimed at high earning markets, to the multiple implications of connected homes that are more accessible in our time, there are multiple business opportunities in an industry projected to reach a global value of $16.4 billion by 2019.
From safety and security to health and entertainment applications, the marketplace for connecting consumers with carriers and app and gadget developers is at the hands of Original Equipment Manufacturers. What OEMs do in the coming years will drive the growth of Connected Home Adoption, and will set the rules of the game for the market. Knowing the limitations and challenges and specific options that OEMs currently have to boost Connected Home Adoption can be a crucial difference between being a leader or a follower in the Internet of Things (IoT).
This whitepaper guides you to understand connected home growth and the opportunities that OEMs have to support home automation product development through smart components.