Smart homes are the next big thing. You may not realize it yet, but somewhere your day will be easier because of it. Smart home technology is not only impacting the houses its installed into. Its reach stretches to other industries like business, science and even health care. Here is an infographic detailing the numbers and change caused by smart homes.
The rapid rate of growth in the smart home industry has an effect on all kinds of industries. The easiest way to track this is to follow the money. In 2018 alone, the US has spent $19.827 billion on smart home technology. This may seem like a low amount compared to the total size of the American Gross Domestic Product. But, keep in mind that smart homes are all about connecting different types of technology. It uses the Internet of Things (IoT) to do this. It’s estimated that by 2020 IoT will generate revenue exceeding $300 billion. The influential power of that $19 million odd (spent in 2018) suddenly looks very promising.
Smart homes have you in mind. Its very existence is to make your life easier and cheaper. Different products will have differing applications. You can be sure that any room in your house can be automated in some way through this technology.
Smart ovens, smart refrigerators, smart microwaves, and the list goes on. You are now able to monitor and control certain functions in your kitchen from your smartphone. You aren’t alone in the kitchen anymore. Smart kitchens have your back!
Smart Climate Control
You can program your thermostat and air conditioning from an app. Schedule and control these devices through a wireless connection via the internet. Be your own weatherman and decide the climate of your house. Or save unnecessary costs by stopping these units from consuming gas and electricity beyond your budget.
Be the king of your castle as you track monitor and control vulnerable aspects of your home. Use home security systems like smart CCTV, smart locks, smart sensors and alarms to enjoy absolute control over what is yours. A total of 62 percent of Americans claim smart security as the top benefit of owning smart homes. Three out of every five Americans who own smart homes will use a smartphone to monitor their houses. Total control is now possible from the screen of your phone.
Taking the nation at large!
The world is becoming a smaller place, and smarter too. Smart homes have bridged many gaps to make life easier for its owners. America is leading the global charge with 7.5 percent of homes already adopting the technology. In 2022 that number is expected to hit 19.5 percent. Life as you know it is changing every day due to smart homes. The infographic below shows where it has come from and where it is going. Read on to see the change that lies in wait.