The global smart home market is expected to reach an estimated $107.4 billion by 20236 with a CAGR of 9.5% from 2018 to 2023, and the driving forces behind the growth are the connectivity and compute adoption in home devices, making those devices connected and “smart.”
Along with that trend, millions of applications are being developed every day. These apps are running on connected devices to deliver new enhanced services, like voice-assisted or AI-assisted shopping, home automation, security, and in the near future, remote health care.
Connected home devices, such as home gateway, set-top boxes (STB), voice-or-AI-assisted devices, Internet of Things (IoT) devices, and alike, are required to become more powerful and more intelligent in analyzing, manipulating, managing, and protecting data. These requirements are driving “smarter”and higher capacity embedded storage solutions.