Smart home has attracted $550 million in venture investment from 2005-2014, and we have already seen the first wave of exits, but it is still too expensive for mass adoption at $6,700 for a fully enabled home. An array of new technology developers have emerged, with devices ranging from air quality sensors to smart vents, and multi-function sensors. However few, if any, have managed to threaten the sole "killer app", the smart thermostat.This report describes the current smart home landscape, and discusses the issues at the various layers in a smart home system that hinder mass adoption. It also analyzes the various devices being developed for smart home applications, and points to successful innovation strategies.
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