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Background Matter was first launched on October 2022, backed by major companies in the residential IoT space: including Samsung Electronics, Amazon, Apple, Google, and others. The Matter program encompasses a full protocol specification, built on IPv6, which supports device discovery, provisioning, and control, all over secured interfaces.
Industry of Things (IoT) analysts predict that more than 25 billion IoT devices will be connected and participating in the global internet by 2025 (Gartner) and the global smart home market is expected to reach $1.5 trillion by 2025 (IOT Analytics). This represents a huge innovation and business opportunity for IoT manufacturers’ devices and related services in the IoT landscape of the future. Part of this growth is dependent on device interoperability.
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