Residential IoT on the rise, says new study
A new Navigant Research report has predicted that revenue from residential IoT device shipments will exceed $330 billion (£217bn) by 2025.
The report reviews the market opportunity for residential IoT devices in terms of shipments, revenue and installed base over 2015-2025. The IoT concept has penetrated the residential environment, with smartphone-controlled LED lights and smart home devices like thermostats. Other IoT devices include smart meters, smart appliances and plugs,...