The smart home sector is moving toward optimized and personalized devices, environmental control, and energy consumption through ubiquitous connectivity and digital transformation. This strategic analysis is part of Frost & Sullivan's continued coverage of the global IoT sector. Frost & Sullivan offers valuable insights that will help IoT service providers increase revenue and identify new opportunities.
• The IoT space is still in flux. Unlike more mature Information and communications technology (ICT) segments, the IoT space sees significant overlap with other industries such as automotive, energy, and transportation.
• To accurately observe and measure IoT-related economic activity, Frost & Sullivan uses the definition above to determine if a technology product, application, or service is to be considered a part of the IoT.
• Frost & Sullivan identifies the main segments that accumulate connected devices in Smart Homes: home entertainment, home safety and security, home energy, health and wellness, and home automation and control.
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