Friday, October 30, 2015

Homes are getting Smarter: The Smart Home Progress

Smart Homes market revenue for 2013 was $7.19 billion, U.S. dollars.  Statista projects that the market will grow to $22.4 billion U.S. dollars by 2020, at a compound annual growth rate of 17.62%.

Smart Homes market revenue for 2013 was $7.19 billion, U.S. dollars.  Statista projects that the market will grow to $22.4 billion U.S. dollars by 2020, at a compound annual growth rate of 17.62%.

That is a very healthy growth rate and one of the reasons for that rate is that Americans with children at home want smart home technology "at almost double the rate of those without children".  As per a Coldwell Banker Real Estate & CNET survey more than 1 in 4 Americans own smart home devices.  Those Americans with children at home were also willing to pay more for a home with smart technology.

If you have a smart phone and children at home, the move to smart home devices is easy.  According to the survey 76% of Americans with smart home devices control them using their smart phone.

In 2011 Google announced the launch of Android@Home with the plan to link household devices to their Android platform.  The first Android smart phone was introduced in 2008.  Android@home fizzled, but it was the impetus to the smart home revolution.

Thermostats and lights were the start of smart devices which has grown now to include dishwashers, hot tubs or a coffee maker.  Getting all these "Smart Devices" linked is what makes a "Smart Home".  Thomas Ricker has a great article, First Click: Don't confuse smart devices with a smart home.

Let's finish with two ultimate Smart Home videos that will blow your mind.  Both are produced by Corning:  A Day Made of Glass and the second video A Day Made of Glass 2.

"I fear the day that technology will surpass our human interaction. The world will have a generation of idiots."  Albert Einstein

Be smart!
Brian Olsen, WWR

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