According to a new Markets and Markets report, the smart home industry is estimated to reach $58.68 billion by 2020. Segments such as security and smart locks are driving the smart home market currently and with over 90% penetration in this segment, the Z-Wave Alliance continues to grow the Z-Wave smart home ecosystem for consumers and manufacturers, alike.
With a record-breaking Z-Wave quarter, Sigma Designs announced that a cumulative lifetime 40M Z-Wave IoT devices have shipped into the smart home market. With more manufacturers, integrators, installers and service providers turning to Z-Wave, Z-Wave Alliance membership has grown by 30% over the same period last year, resulting in the addition of more than 75 new full members to the organization’s roster. The year kicked off with the induction of SmartThings and LG Uplus to the Alliance Board of Directors, while new member companies and brands include Samsung, SDS, Technicolor and Nutone, among numerous others.
With the addition of new members and expansion of existing members, Z-Wave certification has compounded, delivering broad, global Z-Wave product availability and compatibility to the market. With more than 1,350 total Z-Wave certified devices, including 100 new Z-Wave Plus™ certifications, consumers have a path to the smart home that guarantees interoperability plus backward compatibility of all Z-Wave certified devices in the market, regardless of product, brand or retailer.
Full story Via us.sourcesecurity.com