The Smart Home technologies segment reflects pure IoT revenues from some of the 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). The Smart Home technologies segment is divided into the following subsegments: Smart Home Hardware, Smart Home Platforms, Smart Home Services, and Smart Home Connectivity.
The term Internet of Things (IoT) describes a network of physical and virtual devices that are able to communicate autonomously with each other using the Internet Protocol (IP).
Market values represent pure IoT revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.
