Just a decade ago, the world viewed the concept of a smart home as futuristic. What has now turned out to be the reality is shocking. We’re now trying to catch up with reality seeing the increasing availability of devices like Google Home, Alexa and Amazon Echo.
With Zion Market Research’s projected market reach of $53.45bn by 2022, the smart home industry has rapidly evolved and is now having a major impact on business.
Three members of the Forbes Technology Council were quoted to have spoken about the future of smart home technology:
“Sharing the data of homeowners with businesses will probably be the next big thing in smart home technology. Having your fridge order the food you need or setting the lights and preferred temperature for your arrival is what is coming soon. The data that you share with the smart devices will be of great interest to the companies that build such products.” – Ivailo Nikolov, SiteGround.
“Naturally, the smart home tech will continue to become more accessible and inexpensive to the mainstream. As consumers become accustomed to the conveniences that come with smart tech, they will begin to seek out these efficiencies outside of the home. We’re likely to see an uptick in commercial smart building tech, particularly in offices seeking to adapt to more mobile workplace trends.” – Arie Barendrecht, WiredScore.
“Homeowners will like the idea of more cool ways to control their homes. Surveillance has become more necessary to combat crime, as more people work from home and want to protect their physical and intellectual property. Appliances also could be a focus since people would like their appliances to take on more of the workload.” – Chalmers Brown, Due
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