Fake news, fake everything. It’s a word being thrown around callously. What is still trustworthy? The following ten facts can be trusted. Here are 10 easy facts about smart homes.
- The Early Days
The first smart home concepts were developed between 1966 and 1967. The ECHO IV and the Kitchen Computer was developed but never sold to the public. The ECHO IV could compute shopping lists, control thermostats, and switch kitchen appliances on and off.
- Birth Of The Industry
Between 1998 and the early 2000’s the tech boom hit the world. Home networking devices among other home automation devices were available. Stores started stocking these devices. The smart home industry was born and it hasn’t stopped growing.
- Voice Control
One of the rising trends in this industry is the demand for voice control. 72% of Americans with smart home devices want voice control capability. This demand is mainly from younger users. But, the demand will only grow as the younger generations enter the market.
- Security Is One Of Top Benefits
Smart security products are some of the most used products. Smart locks, smoke detectors, smart CCTV and alarms are widely used. These products make it convenient to monitor your home through your smartphone. All you need is a decent internet connection. 62% of smart home owners believe security is the top benefit derived from this technology. 3 out of every 5 Americans buy smart security products with which to monitor their homes.
- 76% Of Devices Are Controlled By Smartphones
Smart homes are designed to connect to other devices. It does this by using a technology called the Internet of Things (IoT). It basically uses the internet to connect to other smart devices. It’s no wonder then that 76% of smart home products are controlled by smartphones. Samsung is drawing much momentum from this synergy. They are one of the few companies make both smartphones and smart home devices. They are currently the industry leaders with $213 billion in revenue in over 104 countries.
- 57% Americans Save 30 Minutes Per Day
Smart can save you lots of time. 57% of Americans with smart homes claim it saves them about 30 minutes per day. Add that up over a year and they save more than 182 hours. That is roughly a week.
- Millennials & Smart Home Technology
Millennials are probably the top user of this technology. They use it more than any other generation. 47% of them already own devices. And 70% of them are planning on buying more products. They represent 34,6% of the total users of smart home products.
- Housing Market Demands
68% of Americans believe smart homes will be as common as smartphones within the next 10 years. This now causes 81% of prospective home buyers to rather buy a house with smart home products already installed. Demand drives prices higher. Smart homes may soon receive higher price tags because of that demand.
- It Saves You Money
45% of Americans with smart homes save on average $98,30 per month. That extra cash can go a long way. It adds up to a $1’179,60 yearly saving. You might be worried about the price tags of some of these products. Buy the right ones and you’ll save that money within a year. Smart thermostats can save you about 20% on yearly warming and cooling costs.
- America Is The Highest Spender
Americans spent $19,827 billion on smart home technology in 2018. That is partly because America is the largest smart home user in the world. 32% of the US population uses this technology. 7,5% of homes in America currently have smart home products installed. That number is expected to grow to 19,5% in 2022.
It’s not madness after all. All the figures make sense now. This technology is trending for a reason. Smart home products are easy to use. It can save you time. It definitely helps to save money. These products are becoming more popular by the day. It can change your life too. Give it a go. Get your own setup going today.