Patents can be exploited to identify new IoT (Internet of Things) smart home product development opportunity from scenarios analysis. The scenarios analysis can show potential interactions between the future users and the IoT smart home product via the specific usage of the product and behavior of the user under environments provided by the product functionality. Thus, the scenarios analysis exploiting patent information can provide the new IoT product concept (e.g., specific benefits to the user, product design, product functionality and the technology for the product).