TRANSPARENCY Market Research says smart home adoption is driven by customers wanting increased controllability and security, as well as time-saving and energy-saving controls.
Security continues to be one of the top applications of smart home technology, as well as lighting; entertainment; power management; and heating, ventilating and air conditioning (HVAC) control. Security features include the use of sensors and alarms that keep the homeowner privy to any activity within the control premises. Other factors include an aging population, government initiatives and the engagement in the market of brands like Apple and Samsung.
According to the TMR report, North America leads the smart homes market, followed by Europe and Asia-Pacific. It projects that the smart homes market will experience double digit growth in developing countries over the next few years. ♦
