The Telsyte Australian IoT @ Home Market Study forecasts spending on IoT home products and services in Australia to grow almost eleven-fold in the next four years from $231 million in 2015 to $4 billion by 2020. The research also indicates that the number of connected home devices in the average household will more than double in the next four years with today’s average of 11 devices, set to grow to 29 in the next four years.

The Telsyte Australian IoT @ Home Market Study forecasts spending on IoT home products and services in Australia to grow almost eleven-fold in the next four years from $231 million in 2015 to $4 billion by 2020. The research also indicates that the number of connected home devices in the average household will more than double in the next four years with today’s average of 11 devices, set to grow to 29 in the next four years.

Mr Foad Fadaghi, Telsyte’s principal analyst says: “Spending on smart home products is expected to increase over the coming years as consumers look to save money and improve their lifestyles. Australian households will soon be taking advantage of smart energy sensors, automated gardening systems and robot appliances, all controllable via apps on their smart devices."