Connected Home Will Be A Reality In 5 Years

According to a survey on Internet of Things, commissioned by Fortinet, 69 percent respondents from India said that the connected home is extremely likely to happen in the next five years.Here are the top trends.
According to the Connected Home survey, conducted by GMI, a division of Lightspeed Research, 69 percent of the respondents from India said that the connected home is extremely likely to happen in the next five years. Completed in June 2014, the survey asked 1,801 tech-savvy homeowners, including 750 in the Asia Pacific countries of Australia, China, India, Malaysia and Thailand, questions relating to the Internet of Things (IoT) as it pertains to the connected home. A majority (61 percent) of all respondents believe that the connected home is extremely likely to become a reality in the next five years. China led the world in this category with more than 84 percent affirming support. In India, 69 percent said that the connected home is extremely likely to happen in the next five years. "The battle for the Internet of Things has just begun. According to industry research firm IDC, the IoT market is expected to hit $ 7.1 trillion by 2020, "said Rajesh Maurya, Country Manger, India & Saarc, Fortinet. "The ultimate winners of the IoT and connected home will come down to those vendors who can provide a balance of security and privacy vis-à-vis price and functionality."