Due to the lack of unified Smart Home standards slows growth. Competing standards such as Bluetooth, Zigbee, Z-Wave, and Wi-Fi
complicate interoperability among devices. However, devices in a smart home are seldom used separately. Customers do not want to switch devices and technologies when controlling, e.g., their home entertainment or security systems. Given this, Apple, Amazon, Google, and the Zigbee Alliance formed a working group in 2019 called "Connected Home over IP" to create an industry standard for smart home connectivity.
The future of the Smart Home will be an integrated platform solution with a universal communication standard interlinking all smart devices.
The connection of all Smart Home devices, more sophisticated AI-driven services and the gathering of a gigantic amount of data presents a challenge for Smart Home development. In this respect, the implementation of 5G is vital. Sharing the data of homeowners with businesses will foster the growth of new individualized technologies and services in the market.
