Guest post by Ana Bera. 5’3 ray of sunshine and chocolate addict. As the co-founder of SafeAtLast, she uses every opportunity she gets to learn from others and then share the knowledge and generate fun and informative content. She is a Toronto born world traveler, hungry for knowledge and ready to make a difference in the marketing world.
Users Want Voice Control
This technology is certainly making waves in America. Voice control capabilities are one of the rising trends within this industry. 72% of Americans say they want their smart devices to have voice control capability. 58% of Millennials Word is going around town. Smart Homes are causing change. This change is spreading across the world. But what exactly are the people saying? Here are a couple of facts about the smart home industry.
Back In The Day
You won’t believe it, but smart homes have actually been in existence since 1966. The ECHO IV and the Kitchen Cohave smart devices with voice control capability. They are followed by 50% of Generation X and 26% of Baby Boomers. Tech companies will invest large amounts of money into the developing of these product features.
According to SafeAtLast.co 62% of American smart home owners claim better security as the top benefit derived from smart homes. So it’s no wonder then that 3 out of 5 Americans buy smart home security products with which to monitor their homes. They can monitor their homes through their smartphones. Smart security has found ways to integrate modern security systems and features. It is much more accessible now. You can see everything on one platform.
This may be one of the reasons why smart locks and alarms are some of the most used products in the smart home industry. Analysts believe the security market will grow to over $100 billion in the year 2020. They say smart security products will take up $47 billion of the total security market.
Users Save Time
This technology is great at saving time. All kinds of features help to save your time. The mundane tasks of your day can now be automated. This helps you to spend more time on the things that really matter. 57% of smart home owners in the US claim to save about 30 minutes per day. That adds up to about a week’s worth of time-saving per year. People who live on the run love this benefit.
Millennials Love It!
47% of Millennials already own smart products. 70% of them are planning on buying more devices. It’s obvious why they are the generation leading the market in users counts. They account for about 34,6% of the total amount of smart home product users.
The Growing Demand
68% of Americans believe smart homes will be as common as smartphones within the next 10 years. That is probably why 81% of American home buyers would rather buy a home with smart home products pre-installed.
This is one of the most attractive features of a smart home. It helps to save money. 45% of American smart home owners claim to save an average monthly total of $98,30. That adds up to an average of $1’179,60 per year. Think about what you can do with an extra $1’000 odd. This is thanks to products like smart thermostats. People say it helps to cut about 20% off their yearly warming and cooling costs. You know what your budget will say about this feature.
Internet of Things
Smart home products connect to the internet. And it connects to other smart products as well. It does this by using the Internet of Things (IoT). Analysts claim that IoT will cause revenue of over $300 billion by the year 2020. Smart refrigerators will order food online. Smart devices will order straight from Amazon. Businesses better be ready for this new way of sales or else they’ll miss out on $300 billion.
Analysts say 477 million smart home products will be shipped in 2020. The sheer size of this industry is staggering. Interestingly enough, 76% of smart home products are controlled by smartphones. Some companies are really reaping the reward of this.
Samsung is one of the few companies to make both smartphones and smart home devices. They trade in over 104 countries and rake in over $213 billion in revenue. The synergy in their product variety is paying off big time.
What Do You Say?
Now you know what the people say. But, what do you say? Give smart homes a try. It might just change your life forever.