Gartner: Smart home connections will hit at least 500M by 2020

The home IoT gateway market is expanding rapidly, research company Gartner said. The company predicted that the number of smart connected homes will grow from between 100 million and 200 million homes today to between 500 million and 700 million homes by 2020. The lack of a good business model or the immaturity of home IoT products has not stopped gateway makers from trying to develop the market to grab share. Cable companies, Internet companies, alarm companies and mobile phone operating system providers are actively creating platforms and ecosystems in an attempt to break into the market. The most successful home gateway provider will develop a system that seamlessly integrates with nearly any vendor's IoT application and is relatively painless to the homeowner. A system that locks homeowners into one specific operating system limits their opportunity, as consumers will want to exercise their preference in terms of the IoT products they choose. Release

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