Residential IoT device revenue to reach $67.7 billion in 2025
A new Navigant Research study has predicted that revenue from residential Internet of Things (IoT) devices will reach $67.7 billion (£44.4bn) in 2025, up from $7.3 billion (£4.8bn) in 2015.
The IoT is already well-established in residential settings. Smart meters, thermostats, LED lights, and other appliances and security systems offer wireless or wired connectivity to share and utilise data more effectively.
According to the report, the driving factors for the...