Global revenues from shipments of residential IoT devices expected to reach nearly US$70 billion in 2025: As device manufacturers continue to embed communications technologies, sensors, and intelligence into an array of products, the residential IoT market continues to grow. Driven by a desire to enable devices in the home to share information for the purposes of greater efficiency, automation, security, and comfort, more companies are providing products for this trend, and the market appears to have potential to expand beyond early adopters. According to a new report from Navigant Research, annual revenues from shipments of residential IoT devices is expected to increase from US$7.3 billion in 2015 to US$67.7 billion in 2025.
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