Categories: Market Overview

Apple, Amazon and Google form alliance for smart home devices

Apple, Amazon and Google have formed a rare alliance to improve smart home devices, in an effort to avoid a turf war that limits the market for gadgets powered by Alexa, Siri and Google Assistant.

The Silicon Valley companies, fierce rivals in the market for voice-enabled devices, have agreed to collaborate with each other and members of the Zigbee Alliance, which includes dozens of companies including Samsung, Ikea, and Comcast.

On Wednesday they announced a project to build a common standard so that connected devices could be operated by any voice assistant. The market for smart devices is expected to grow 14.4 per cent a year to 1.4bn shipped units in 2023, according to the International Data Corporation. Carolina Milanesi, an analyst at Creative Strategies, said the move would benefit consumers, who will not have to worry about which smart light, thermostat or fridge will be compatible with their voice assistant.

Avast, a cyber security group, said this year that two out of every five households worldwide already have five or more devices connected to the internet — and at least one is vulnerable to cyber attacks. The alliance said a shared, open source approach to building smart devices should “accelerate the development” of a smart home protocol — a set of rules governing format — that will “deliver benefits to manufacturers and consumers faster.”

Apple, Amazon and Google form alliance for smart home devices, FT, Dec 19
The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

2 days ago

USDCHF Wave Analysis 20 December 2024

- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…

2 days ago

The US dollar ends the year on a strong note

The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…

2 days ago

How deep will crypto dive?

The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…

3 days ago

EURGBP Wave Analysis 19 December 2024

- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…

3 days ago

EURJPY Wave Analysis 19 December 2024

- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…

3 days ago

This website uses cookies