The biggest tech companies have realized that the smart home industry is a dynamically growing business segment, and are now all diving headfirst into the fray. Only time will tell how their entrance shapes a market currently divided up among smaller parties. It's of course also a question of how demand trends shape up in the near future, but that should not be a problem.
In August, Samsung obtained SmartThings, the biggest open platform in the smart home business. The startup was created in 2012, and has established a developer ecosystem that creates interconnected products and cloud-based services that fundementally change the use of our everyday objects. With Samsung's backing and support, SmartThings is looking at dynamic growth in the near future, making sure that smart solutions and devices get to more people.
Apple, similarly to Samsung, has great interest and ideas concerning smart homes, considering their own concept was presented just last summer to the public. HomeKit is used to connect our environment to iOS, so that a single operating system can be in control of making our homes smarter, ranging from windows to light switches. Certain devices can be controlled via Insteon Hub on the iPhone: these include lightbulbs, lamps, locks, and cameras manufactured by Apple. The company's smart home is not one of great innovation, the big news is that this tech giant has plans regarding the industry.
Even though this company is probably less notorious than the previous two, the chinese manufacturer may be the biggest name on the smartphone market in five years - according to analysts. That's not the only market segment they're interested in though, as they are producing and putting out their smart solutions even now. Not only is Xiaomi making smartphone-controllable devices for end users, they've recently announced a module for manufacturing partners that can make virtually any home appliance smarter. We'll see how Xiaomi's future turns out, but you can't say that they're not trying to put something on the table.
One thing's for sure: there looks to be a bright future for smart homes - according to the International Data Corp's survey, by 2020, the currently $1.9 billion market is estimated to be worth around $7.1 billion.