Tuesday, June 23, 2015

The smart home market is still young, but people are already clamoring for the devices

For these reasons, interest in connected home devices and uptake is on the rise:

  • In the US, nearly two-thirds of households that use broadband internet are interested in a connected-home device bundle from their wireless service providers, according to fourth quarter 2013 survey data from Parks Associates.
  • That amounts to roughly 60 million households in the US alone among 91 million total US households with broadband.
  • As prices decline over the long run and consumers become more familiar with connected-home devices overall, expect smart-appliance growth to accelerate. That said, smart appliances will remain the smallest piece of the connected-home device market throughout the forecast period.

From the article "The smart home market is still young, but people are already clamoring for the devices" by Tony Danova.

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