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The term "connected home" or "smart home" has been around for decades. In the 90's and 00's, a lot of consumer electronics companies and component makers published drawings with home servers, gateways, and all types of home devices talking to each other and sharing files. I remember, in my past life, I used to draw similar things on powerpoint and announced a lot of partnerships and initiatives . However, none of those concepts became a mainstream hit.
When I used to work at a consumer electronics company, delaying a product launch and missing the demand season--back to school and Christmas sales--was the worst nightmare come true.
So macro things first--how big is the IoT market expected to become, at least in the eyes of the academia and industry? Here's a couple of figures I found from MIT Tech Review and Cisco's website.
I'm currently following the Internet of Things (IoT) space and at the time of writing this post, have identified 391 companies in 10 categories that collectively raised $1.77 billion.
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