Technological innovations, from ubiquitous computing, augmented reality, telecommunication to intelligent appliances and robotics, bring new possibilities to the Smart Home domain, which has led to an increase in the number of academic publications in this domain. To date, no comprehensive overview and clustering of the core concepts used in these publications have been produced. Based on an extensive review of existing literature on the Smart Home, this paper visualizes the state of the art in the Smart Home research in a systematic way and outlines future research challenges. To do so, a business model framework is applied that helps researchers place their work within a broader context and identify gaps in the existing body of knowledge in this area. In order to move from the exploration towards the exploitation of Smart Home concepts, it is essential to contribute to a coherent body of knowledge that not only is technology driven, as it is the case now, but also pay attention to the non-technological aspects, i.e. social-organizational, economical, organizational, law/legislation and entrepreneurial topics, from both a strategic and an operational perspective.