Smart homes no longer only provide home connectivity. Smart homes are evolving to cover a broader range of smart living concepts, with cross-industry home technologies, devices and applications being the backbone of richer and digital integrated home services. Smart homes are forming a new ecosystem.

The platform is a priority development priority. Smart speakers and digital assistants are the main voice control computing platforms for smart homes. Networked robots driven by machine learning and automation advancement represent the next frontiers in development.

Competition in the smart home market will intensify. The main technology company's goal is to dominate the smart home platform, Amazon leads, followed by Google. How companies across industries can integrate and collaborate with these platforms will determine their success or failure in the smart home ecosystem.

From the current niche market to 2025 will become the mainstream. Today, smart homes are limited in size and the United States is in a leading position. By 2025, smart home will become the mainstream service in many markets in North America, Asia Pacific and Europe, and the number of smart home Internet IoT connections will exceed 5 billion. Developing countries will continue to lag behind.

The data will become a new asset. In the next decade, the amount of data in smart homes will increase significantly, providing opportunities for data analysis. Technology companies are strong candidates for the role of competitive data leader, and new data-centric companies may emerge.

(Source: JJgle.com)