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NEXT GENERATION OF SMART HOME
In the 2011 report, Cisco claimed that IoT is about to change ourselves and everything that we know to be true6. This was a clear indication of a hype that typically surrounds introduction of a new technology. Today the forecasts and discussions on IoT seem to be more conservative. For instance, in 2015, IDC predicted the IoT market size would be $1.29 trillion in 2021. In 2017, they reevaluated the prediction and now estimate the IoT market to be $1 trillion in 2021. The leveling off can be explained by a more realistic outlook and recognition that the further penetration of IoT devices and solutions is limited by the lack of security, universal standards, and outdated business and IT structures.
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