Smart homes are soon becoming the hottest thing on the market and in a few years to come, the world is going to see a huge influx of the trend taking on across the globe. The same technology has also made its way into the industrial sector not forgetting businesses, science and health care too.
Let’s look at how smart homes have impacted today’s ever-changing world including an infographic detailing the numbers and change caused by them and what you can expect in the time to come.
72% of Americans with smart home products want voice control capability. 32% of Americans already own smart home products. Manufacturers and designers are going to invest lots of money into the voice control capability of their products.
58% of Millennials already own products with voice control ability. They are the generation leading the charge in the smart home industry. More and more Millennials will own this technology. Companies will find easier and cheaper ways to produce these devices. More people will be able to own these products.
62% of Americans think of better smart security as the top benefit of owning a smart home setup. 3 out of 5 Americans buy smart cameras to monitor their homes via their smartphones. Analysts say that due to this security market will surpass $100 billion in revenue by the year 2020.
Smart home technology is incorporating Artificial Intelligence (AI) into devices. Products are learning to work faster, to recognize patterns and to anticipate responses. It will respond according to your needs and requirements. AI gives it the ability to learn based on new information as well as on experience.
Internet of Things
Smart homes have the ability to connect to other smart devices. It needs a connection for this to take place. It uses a technology called the Internet of Things (IoT). Analysts believe that IoT will drive revenue of more than $300 billion in the year 2020.
Hot Off The Press
Smart homes are pretty hot right now. It’s at the forefront of new technological developments. Read this infographic to see more about this topic.
Infographic design by safeatlast.co
Also read: Socks that fight against bad odour