Home automation has become increasingly popular over the last few years because of its accessibility through smart phones and its modern design look for families. It is one of the fastest-moving segments in the marketplace because it is known to innovate and make your home more “smarter.” By 2022, the home automation system market is expected to be worth roughly $78.27 billion.
The growth in this industry is mainly focused on the safety, security and the environmental aspect of homes. This influences buyers to have a more cleaner home by investing additional money into extra equipment such items like smart locks, wireless video surveillance devices and customizable lighting and more.
The interesting thing about the home automation industry is that the technological infrastructure already exists, said by Greg Roberts, vice president of marketing at Icontrol Networks. This is not evident with many other items in the technology field where companies band together to operate and create products for consumers. This industry of the home suppy demand is booming because consumers want to be in the cleanest and most safest environment as their home. People are willing to pay more for their home devices and equipment instead of having gadgets that they don’t always need such as google glasses or watches. Overall, the technological field of home innovation is constantly improving and we never know when we could be all replaced by robots. As Roberts puts it, just how long it will take for consumers to jump on board is yet to be seen.
By: Mia Gradelski