Gartner forecasts 500-700 million smarthomes worldwide by 2020

Gartner reports number of smart connected homes is expected to grow from between 100 to 200 million homes now to between 500 to 700 million homes by 2020. Some of the IOT examples such as home appliances and other electronic devices mentioned by Gartner includes smart stoves which teaches you how to cook with recipes, washing machines suggesting optimum time to run a load of laundry and also smart lighting. All this and also many more devices require a connection gateway to monitor and control the home as a holistic platform of devices and appliances. "Many IoT applications are triggered by sensors and need data management, but there is no single IoT gateway to the home," said Mr. Paul O'Donovan. "As Internet-connected homes become increasingly smarter, the gateway is becoming the "center" for connecting the different devices and home appliances to make the management of the ecosystem happen." it is not one type of company/ business trying to venture into this market. Cable service providers, Internet service companies, home security companies and mobile phone operating system providers are actively creating platforms and ecosystems in an attempt to break into the market. The ideal home gateway need to seamlessly connect with any vendor's IoT application without requiring any extra effort by the user and not limiting the platform only to conn...