Smart home devices are fast becoming part of the mainstream, Futuresource Consulting reports-- the market is one of the fastest growing CE categories of 2017, with global revenues worth $6 billion.
Such revenues are forecast to triple by 2021, reaching $18bn.
"The smart home has arrived and its impact is indisputable," the analyst says. "Smart home devices help with daily tasks, improve security and generate savings in energy bills through heating and lighting control. With high profile brands like Samsung, Apple and Philips getting in on the action, consumers are becoming attuned to the benefits, excited by the possibilities and are beginning to flex their purchasing muscle."