 |
A
smart home is a household fitted with connecting technologies,
allowing its occupants to remotely control and program a wide range
of automated home electronics equipment. Smart home technology boasts
an array of applications in residential energy management. The
technology also provides access to undisrupted entertainment and
cutting-edge lighting control. As the demand for smarter technology
continues to grow, the global smart homes market will pace up due to
dynamic consumer preference and register a double-digit CAGR from
2015 to 2023.
The
Report Description of Smart Homes Market is available at:
Government
Initiatives and Growing Consumer Awareness Regarding Energy
Efficiency to Boost Global Smart Homes Market
Several
factors are aiding the growth of this multibillion-dollar market.
Governments of several nations, for instance, are adopting regulatory
initiatives to promote the use of smart appliances to curb excessive
energy consumption. The smart homes market has already registered
exponential growth across developed countries, and it will not be
long before the technology successfully capitalizes on the commercial
prospects in developing nations. Mounting levels of pollution and
growing consumer awareness are the two key factors contributing to
the development of the smart homes market across emerging nations.
Other than this, the increased requirement for convenience among
consumers, increasing demand for energy-efficient solutions and
advanced solutions to guarantee safety and security, and product
development in the Internet of Things (IOT) are factors giving a
boost to the global smart homes market.
Technological
Advances Foster Better Connectivity in Smart Homes
Traditional
home automation devices could only control systems within the house
and with a limited range of connectivity. However, recent advances
have fostered better connectivity of household appliances and
devices, enabling users to control and monitor the devices even when
they are on the move. Such enhanced connectivity is made possible
through mobile control features, which is an integral component of
smart homes and is thus often emphasized upon by manufacturers. The
technology-based products and compatible communication protocol given
by internet service providers also enable users to remotely manage
smart appliances and devices fitted in a smart home. Although the
concept of smart homes has been around for many years, it is only in
the last five years that the market has witnessed robust growth.
Growing
Security Concerns in Households Boost Global Smart Homes Market
Ascertaining
energy efficiency has become indispensable as global energy costs
rise steeply owing to the ever-increasing demand and mounting
concerns regarding greenhouse gas emissions. Hence, construction
businesses are embracing the trend of energy efficiency and focusing
on automation systems to meet the increasing demand for energy
conservation in smart homes and buildings
The
growing security concerns have enhanced the demand for smart
automation systems and security features in smart homes. For the
expanding working population base in several countries, safety
concern with regard to children and aged parents has emerged as a
major issue. Smart homes are built to address such issues using
highly sophisticated remote monitoring technologies, which will only
get better over time. This is another primary factor anticipated to
fuel the global smart homes market significantly in the coming years.
No
Cost Brochure For the Smart Homes Market can be obtained at:
No comments:
Post a Comment