You might want to think about investing in companies working to make our homes smarter, according to Barclays.
Manav Patnaik, an analyst at Barclays, said in a note to investors on Tuesday that the connected home "could represent one of the most significant investment opportunities over the next several years."
Google, Amazon, Apple and Microsoft are all major players in the space named by Barclays, and each is trying to create its own ecosystem. Other companies, such as light bulbs built by Philips, not specifically called out in the report, can be used across different platforms developed by Google, Apple and Amazon.
Patnaik argued that the connected home industry could be worth more than $300 billion by 2020. Barclays says hardware could contribute $130 billion to that estimate while software and advertising would amount to about $170 billion.