First of all, what is a smart home?
Smart homes are associated with the Internet and can be controlled using applications. It provides great comfort, joy, and happiness. The Internet of Things (IoT) has come a long way in connecting machines over networks. Simply put, the IoT connects devices to the Internet.
Installing smart products in your home offers many benefits, saving you time, money and energy. In addition, home automation technology used in smart homes provides owners with intelligent feedback and information. For example, you can use this technique to water plants. It is cool. is not?
Not only this but also control and automation of lighting, air conditioning (HVAC), ventilation, heating, ovens, dryers, washing machines, refrigerators, etc. Home gadgets are remotely monitored and controlled using the Internet. With the vibrant essence of the Internet of Things, it becomes a smart home.
How do smart homes affect our daily lives?
All technologies are set to grow to open the drape when an alarm sounds. As soon as the drape opens, the coffee machine begins to brew. Meanwhile, when your alarm stops, your geyser will be turned on for hot water in your shower. Depending on availability, the fridge will suggest a breakfast you can prepare and will remind you of what you lack in breakfast, such as bread, eggs, and milk. When you leave the house, turn off the lights and TV. This is the near future of the global market, not too far away. Therefore, growing technological advances are expected to drive demand in the smart home market over the next five years.
We are talking about smart systems, smart speakers, etc. all over the world. This is all due to the spread of the Internet and the growth of IoT systems. In 2017, Amazon gained the largest market share in the smart speaker market due to the surge in demand for Alexa launched by Amazon in 2014, which is cheaper and has more applications than other assistants.
How big will the global smart home market be?
According to TechSci Research, the market is projected to exceed $ 60 billion by 2021 due to the expansion of the Internet of Things (IOT) market, the rapid growth of the M2M communications market, and the prosperity of the touch-free intuitive gesture control market. increase. With increasing government efforts to optimize energy consumption based on applications, the adoption of energy management systems is expected to dominate the market in the coming years. Based on the region, the North American region will dominate the global smart home market in 2017 and is expected to maintain that dominance for the next five years, followed by Europe, Asia Pacific, the Middle East, Africa, and South America.