The Smart Home Platforms subsegment displays pure IoT revenues from major device categories of Smart Home applications. These categories include control and connectivity devices (hubs and smart speakers), security equipment (security cameras and smoke detectors), and smart appliances (large and small household appliances). Only IoT revenues from wireless (e.g., cellular and LPWAN networks) and wired connectivity systems are taken into account. Only IoT connectivity revenues are taken into account, this includes revenues through the usage of wireless (e.g. cellular, LPWAN) or wired networks.
The term Internet of Things (IoT) describes a network of physical or virtual devices that are able to communicate autonomously with one other using the Internet Protocol (IP).
All market values are given in USD, excluding VAT. For all non-USD countries, market metrics were converted from local currencies to USD using the yearly average exchange rates of local currencies to the USD for 2019 as provided by the IMF World Economic Outlook Database.
