Smart object four basic elements to constructing such a smart virtual object framework. Some versions of smart objects also include animation information in the object information, but this is not considered to be an efficient approach, since this can make objects inappropriately oversized. Smart, connected products have three primary components: Each component expands the capabilities of one another resulting in "a virtuous cycle of value improvement". First, the smart components of a product amplify the value and capabilities of the physical components. Then, connectivity amplifies the value and capabilities of the smart components. These improvements include: The Internet of things is the
Home automation also be accessible off-site through the Internet. While there are many competing vendors, there are very few worldwide accepted industry standards and the smart home space is heavily fragmented. Manufacturers often prevent independent implementations by withholding documentation and by litigation. The home automation market was worth US$5.77 billion in 2013, predicted to reach a market value of US$12.81 billion by the year 2020. Early home automation began with labour-saving machines. Self-contained electric or gas powered home appliances became viable in the 1900s with the introduction of electric power distribution and led to the introduction of washing machines (1904), water heaters