This report, authored by Jan Frederik Slijkerman and Diederik Stadig from ING and published on February 1, 2024, presents compelling reasons why 2024 could be the year of the smart home. The rise in sales of affordable semiconductor chips, combined with stable networks and the device interoperability standard, Matter, are all contributing to the projected growth of the smart home industry. Key features of smart homes, such as energy conservation and security, provide additional support for their adoption. The main takeaway is that with the growth of smart homes, telecom providers could become resellers of secure smart home devices and services.

Keywords:  Architecture/Engineering, Audio/Video, Internet of Things (IoT), Lighting Systems/Controls, Protocols/Standards