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700 Million Smart Homes by 2020

The number of smart connected homes is expecting to grow from between 100 million and 200 million homes this year, and between 500 million and 700 million homes by 2020, this according to analyst firm Gartner. With this we can affirm that, although the smart connected home market is still emerging, he is rapidly increasing and is offering an incredible possibilities to the Internet of Things (IoT) companies entering in this market.

According to the view of Gartner, the companies are trying to develop the market to grab share in the home IoT opportunity. Whereby the home appliances have improved in smartness, cellular and cable connections be better and pricing declined, the desire or ability to monitor and control the home as a complete platform of devices and appliances has developed.

The smart homes solutions, are even taking advantage of the void and creating hubs that act as a central command system, using multiple communication protocols to connect to all of the smart devices in the home and connect to the world through the IoT gateway.

O’Donovan ends up concluding that ISPs will be the major benefiters from the emerging of the IoT gateway market. Besides the mobile phone providers are expected to gain also a small percentage of the market, because might not have a sufficient good technology to compete with ISPs. O’Donovan goes even further by making few considerations over the longer term, saying that there will be needed integrated devices or integrated hub and gateway solutions.

With twenty five years of expertise in telemetry, M2M and IoT, ISA – Intelligent Sensing Anywhere, as a smart home solutions provider (ISAhub), where customers can monitor simultaneously the energy consumption of their homes as well as the level of their gas tanks, is also following carefully this sort of reports and the trends for this market.

Source: Gartner

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