By now, the core highlights of Apple's (NASDAQ:AAPL) special event last week have been analyzed and dissected more times than you probably care to recall. iPhone 6s. iPad Pro. Apple Watch. Updated Apple TV. It all seems so familiar by now.

However, Apple's TV refresh could be the most important strategic move to come out of the Sept. 9 event. In connecting Apple's TV refresh with several other recent moves from many of Apple's largest competitors, an interesting storyline starts to emerge, one that few are talking about.

The war for the future of the living room, and the smart home by extension, is slowly taking shape after years of discussion. Don't believe me? Let's take a look.

Apple strengthens its hand
Last week, Apple rolled out arguably the most significant overhaul to this fifth-generation Apple TV box since it launched the product in 2007, driving meaningful improvements on both the hardware and software sides of the device. On the hardware side of the product, Apple's most significant advancement comes from the improved remote control, which attempts to solve the problem of non-stop button clicking that occurs with traditional remotes with a new touch-enabled track pad at the remote's top. The updated remote also functions as a game controller, although initial reviews argue that anything beyond casual gaming is still best performed by pairing one of the many third-party controllers Apple TV now supports.

Apple Tv

Source: Apple.

On the software side, the new tvOS Apple introduced with the product update is an almost spitting image of iOS, and that's by design. Apple mentioned numerous times that the future of TV and the living room entertainment experience lies in apps. In fact, Apple SVP Craig Federighi told one reporter that tvOS is 95% iOS. Siri also received some noticeable improvements as well. Hopefully, that's a quick enough glance to educate those still getting up to speed.

If you want to learn more, check out Apple's own website because the new Apple TV isn't the storyline deserving your full attention. Rather, the updated device is only the latest in a number of recent moves from many of today's largest tech companies that, in total, signal that the war for the smart home appears close to truly taking off. 

The revolution will be televised
Although it's still probably too early to start making 2016 predictions, I'm becoming increasingly convinced next year could conceivably become the year of the smart home, like 2015 was the year of the wearable.

Indeed, although almost certainly to presage the coming holiday shopping season as well, Google (NASDAQ:GOOGL) (NASDAQ:GOOGL), Samsung (NASDAQOTH:SSNLF), and now Apple have all unveiled devices that advance each company's smart-home strategy since the start of September. In case you missed these announcements, in addition to Apple's TV refresh, Google recently unveiled its next-gen OnHub WiFi router and IoT control center. Similarly, Samsung released an updated set of its SmartThings in-home hardware devices. And although not as recently, Microsoft's recent Xbox streaming integration with Windows 10 similarly brings the tech giant's core software and developer platform one step deeper into the smart home of the future.

From an investor's perspective, don't expect to these moves to create meaningful financial value for their respective companies in the short term. However, these moves in total signal an increased emphasis on bringing software into the home to an extent that's largely been overlooked until now. It's as if the tanks have reached the border, but the opening salvo hasn't yet been fired. The smart-home market offers ample growth opportunities to augment slowing growth in the smartphone and tablet markets in the coming years. So while Apple's TV refresh and its competitors' recent jockeying seem to set the stage for the smart-home space to emerge into the mainstream, only time will tell if this budding billion-dollar market will take off in the year ahead.

Andrew Tonner owns shares of Apple. The Motley Fool owns and recommends Apple, Google (A shares), and Google (C shares). The Motley Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.