Published on May 19, 2023, this report by British Telecommunications discusses the future of the smart home market, noting its projected growth due to improved flexibility and interaction among vendors and smart home technologies. The main enabler of this transformation is the specification standard, Matter, which provides interoperability of smart devices. Key features of Matter include operation in a multi-network environment, multi-administrative control, and cross-compatibility among devices. Additional drivers of smart home market growth include user-friendly products, task automation, hardware affordability, and service bundles. The main takeaway is that sustained growth relies heavily on the wider adoption of the Matter standard.

Keywords: Audio/Video, Communications, Energy Efficiency/Management, Internet of Things (IoT), Lighting Systems/Controls, Protocols/Standards