Although you might not know it, the home automation market in the U.S. was worth about $5 billion in 2014. Much of what American consumers are implementing through home automation right now involves basic thermostat control, lighting control and remote door locking and unlocking. The question is, are consumers ready to go to the next level? Is home automation on the verge of exploding over the next decade or so? A new report from Zion Research seems to indicate that this is the case.
The report predicts the home automation market will grow to about $21 billion by the end of the decade. They expect annual growth each year between now and then to be somewhere around 25%. That is very significant growth for any industry, let alone an industry like home automation that has been slow to catch on with consumers.
The key for manufacturers and retailers is to identify what the consumer is most interested in and fill that need first. Do consumers want systems they can control merely through voice commands? Perhaps they want home automation technologies that will learn from their preferences and adjust on the fly. Rest assured that all this, and more, is being developed at R&D facilities around the world.
Overcoming Challenges of the IoT
One of the biggest challenges the home automation industry has been grappling with is the development of the Internet of Things (IoT). If you are not familiar with the IoT, it is simply the collection of all those electronic devices and appliances that have built-in connectivity through the internet. The IoT has been especially troublesome for home automation because manufacturers all have different ways of building their products and utilizing conductivity. But as home automation matures, manufacturers and software developers are beginning to embrace a set of standards that will help push technology forward.
It’s a lot like the standards that eventually allowed mobile phones to go worldwide. Once the standards are in place, the IoT will no longer be a barrier to automation.
Current capabilities dictate it is no longer out of the question to be able to control nearly every piece of equipment in the home using a remote device like a smartphone or tablet. We already have the ability to lock and unlock doors remotely, control window blinds, and alter lighting and temperatures. The days of being able to turn on the stove while at work or get the laundry running are just around the corner.
Combining Home Automation with Security
If America truly is ready to embrace home automation, it is due to the ability to integrate it with home security. For example, Uxari home automation is a company that allows customers to build security systems of their own from a list of available wireless devices. Customers can get the best of both worlds by building systems that meet their unique requirements and budget.
Consider a basic system that offers around-the-clock burglary and fire monitoring along with video surveillance cameras that can be monitored from anywhere. A homeowner can simply bring up an app on a smartphone or tablet to see video feeds in real-time. That same app can be used to lock and unlock doors as well as control any of the other installed home automation features.
Uxari takes things one step further by including additional devices for things such as home theater and landscaping elements. Having so many options now truly integrates home automation and security like never before. The good news for the home automation industry is that Americans are embracing it wholeheartedly. Yes, we are ready for home automation right now.