Giants Have Entered The Field. IoT Home Has Great Potential.

- Jan 09, 2019-

Xiaomi ecological chain enterprise Yunmi Technology officially listed on the NASDAQ exchange on the 25th local time, becoming the "first share of the Internet of Things." In recent years, with the development of technologies such as cloud storage and artificial intelligence, the Internet of Things home industry has ushered in new development opportunities.

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International Data Corporation reported that the Internet of Things home market in 2022 will exceed 200 billion US dollars, and the growth potential is considerable. Overseas Internet cross-border giants, communications, home appliance companies and vertical start-ups have entered the market, hoping to seize the market position with first-mover advantage.

IoT home area has great potential


IoT home is simply a complete smart home life solution. Users can control the smart devices in the home through intelligent hubs to realize the interconnection and interoperability of various smart devices and appliances in the home scene.


The listing of Yunmi Technology is the company that designs and develops home-wide Internet home appliances. Its products cover most of the home appliances category, and built the IoT home ecosystem of “multi-scenario-driven hardware product matrix + terminal connector”.


According to a recent report from International Data Corporation (IDC), smart home is one of the most promising market segments for the consumer Internet of Things scenario. The development of the industry's ecology will have broad demand prospects. It is expected that the Internet of Things will be in 2022. The home market will expand to approximately $277 billion.


Giants have entered


Faced with a market with good growth prospects, Internet cross-border giants, traditional communications, home appliance companies, and vertical startups have turned their attention to the Internet of Things home industry.


Apple released HomeKit, an Internet of Things home platform, in 2014. At the Apple Developers Conference in 2016, some home builders announced that they have supported HomeKit. With HomeKit, users can control smart home devices through Apple's intelligent voice assistant Siri, and can configure different settings for different scenarios, thus automatically adjusting lighting, music, TV playback, etc. Mobile terminals such as Siri's iPhone naturally become the Internet of Things. "Universal remote control" in the home system.


In recent years, Amazon has also accelerated the layout of the Internet of Things home, not only launched Echo and other smart home hardware products, but also tried to increase the penetration rate of its intelligent voice assistant Alexa, and seized the landing scene of the Internet of Things home.


In 2014, Google acquired Nest, a smart home equipment manufacturer, for $3.2 billion to expand its business into the smart home field. In 2016, it launched a GoogleHome smart speaker that can be voice-activated through voice assistants, and entered more and more families. . In line with the trend pointed out in the McKinsey report - with the advancement of voice control technology and the development of artificial intelligence, intelligent voice assistants have increasingly become the "center" of the Internet of Things home.


Samsung, the traditional home appliance and communication equipment giant, is not outdone. It has launched the “Samsung Zhijia” system. In addition to providing its own brand of TV and air conditioners, it also has extensive access to IoT home products that are jointly customized and ecological partners.


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