Future of the Smart Home

Future Possibilities for the Smart Home

 

“By the year 2020, the number of devices connected to the internet worldwide is expected to reach 31 billion” (https://www.statista.com/statistics/471264/iot-number-of-connected-devices-worldwide/

 

“Global smart home market is forecast to reach a value of more than $53 billion by 2022.” (https://www.globenewswire.com/news-release/2018/01/03/1281338/0/en/Global-Smart-Home-Market-to-Exceed-53-45-Billion-by-2022-Zion-Market-Research.html)

 

Bill Gates built his smart home in 1997 for $63 million. It was way ahead of its time. 

 

A truly smart home can operate on its own and make an informed decision with least manual intervention, thereby saving time, money and energy.

 

George Orwell’s ‘1984’ published in 1949 mentions voice assistant, or voice recognition technology.

 

There are already more connected things than people in the world.

 

What’s Next for Smart Homes?

 

Gartner predicts that a typical family home will contain more than 500 smart devices by 2022. (https://www.gartner.com/en/newsroom)

 

Anticipate mass adoption of the smart home in the years to come. The tech is rapidly evovling to be more efficient, cost-effective and secured.

 

The two biggest challenges that have gotten in the way of widespread adoption are:

 

  1. Integration of devices
  2. Security concerns

 

Technological advancement in the field of smart home automation has happened at an astonishing speed in the last few years.

 

With products like Amazon Echo and Google Home, the dream of a futuristic, energy efficient smart home is slowly becoming a reality for the mass market.

 

Voice control as a standard interactive medium for the consumer has opened all kinds of interesting new possibilities for the future of the smart home.

 

Consumers want integration with one user interface.

 

Current solutions are highly focused on gathering data, while allowing for simple control of appliances. With the rapid development of machine learning, NLP (natural language processing) and AI technology, the possibilities for the future smart home are captivating. 

 

72% of people who own voice-activated speakers now use them as part of their everyday routine. (https://www.thinkwithgoogle.com/consumer-insights/voice-assistance-consumer-experience/)

 

One study predicts within just a couple years, roughly half of all search queries will be asked via voice command. With this in mind, we can expect voice assistants to become ubiquitous in the smart home in the years to come.

 

10 years from now, we can expect our voices to be totally immersed in the Internet of Things (IoT).

 

The home of the future will learn about their owners or occupants. The smart home will collect, analyze and take actions which will enable your smart home to move well beyond a myriad of smart gadgets into a truly smart home. 

 

Consumers are expected to spend ~$123 billion on IoT gear by 2021.

 

1 out of every 6 people, that’s roughly 40 million Americans now have a smart speaker in their homes. As interactive voice technology continues to improve and increase adoption, we can only expect this figure will continue to rise. 

 

You’re more likely than not to end up in a connected home one day, whether you mean to or not. Architect Michael Gardner, founder of construction firm Luxus Design Build, says homes are increasingly being built “smart” from the ground up. Michael says, “It’s such an integral part of the home that we’re designing it from the beginning, where beforehand technology was always an afterthought.”

 

With time, these seemingly foreign things will become normal. It wasn’t too long ago when...

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