The Z-Wave Alliance has released its second annual Z-Wave State of the Ecosystem report. It examines smart home and connected technology from both within and outside of the home and explores the smart home landscape as it exists today, current and future trends and new opportunities.

The number of IoT devices is predicted to pass 40 billion by 2025, including smart home safety sensors, smart security devices and smart home energy management. The report says it’s not surprising that Z-Wave continues to see exponential growth in these categories.

“There is no shortage of possibilities for the internet of things,” Z-Wave Alliance executive director Mitch Klein says.

“Smart Home has changed our way of life. In 2005, there were less than ten Z-Wave devices on the market, and today there are over 3,300 certified products worldwide across an Alliance of hundreds of global member companies. As we look ahead, we see tremendous opportunity for Z-Wave to continue to advance the way we live.”

The report is divided into sections which collectively provide data, figures, and proof points promoting Z-Wave technology as the leading low-energy mesh network protocol for smart home devices.

Within the report, readers will find research from analysts examining relevant industry verticals including MDU, insurance, aging-in-place, healthcare, real estate and more.