Nearly 180 million connected houses in 2024
As we closed 2020 with the number of 102.6 million smart houses in America and Europe combined the future analysis aims into even 179 million by 2024 according to Berg Insight IoT analyst firm. America is the most advanced market with over 30% connected houses penetration.
According to the report published by IoT Business News smart home penetration should reach over 50% in America and 42% in Europe in the next 4 years. The most popular smart home products are smart thermostats, smart light bulbs, smart security cameras, smart door locks, smart plugs and smart speakers. More and more popular are whole-home systems integrating all aspects of connected home into one system.
Vendors of smart home products in other segments need to develop solutions where connectivity offers time savings, cost savings or other benefits that consumers are willing to pay a premium for.
Other key elements for users are quality of software and intercompatibility with other smart devices in smart home. QUICK EASY SMART is strongly focusing on these elements when designing our products.
The whole story can be found on iotbusinessnews.com.