The smart homes market is expected to grow at a CAGR of14.5% through the forecast period with current valuation at $29.5 bn in 2016. With the evolution of technology over the years, the adoption of controlled heating, lighting, electronic appliances such as AC, CCTV cameras, washing machine, TV etc. inside home premises have gained recognition significantly. Electronic appliances being operated from centralized device such as a tablet or a smart phone is an exclusive feature of smart homes. Smart homes offer unparalleled security, energy efficiency and value, much to the likings of consumers globally.