A new report by safesmartliving.com provides a nice mishmash of statistics showing the current state of the connected home. Here are some of the findings:
- 81% of smart home users said they would be more apt to purchase a home that had connected technology. (CNET)
- The U.S. is the largest consumer of smart home technology with a market volume of $23.5 billion in 2019, followed by China with $12.9 billion and Japan with $4.19 billion. (Statista)
- Revenue in the smart home market amounts to US$23.5 billion in 2019 (up 15.4% from 2018). (Statista)
- 43% of smart home technology users are 18-34 years old. (Digital Media Solutions)
- The most popular products in 2019 are video entertainment (43%) followed by smart speakers (17.3%) and home monitoring and security (16.8%) while lighting and thermostat were lower on the list with 6.8% and 2.3% respectively. (Digital Media Solutions)
- The average monthly savings from using smart home products is $98.30, which adds up to an average of $1,179.60 per year. (Dream Home Inspection)
- In 2017, 80% of broadband households with 10 or more smart home devices have professionally monitored security. (Parks Associates)
- In 2017, 66% of broadband households have interactive services attached to their security system. (Parks Associates)
National Smart Home Day Celebrates Pro-Installed Home Tech
With that backdrop of facts and figures, several home-tech integrators and manufacturers convened online last week to celebrate “National Smart Home Day.”
The live online event, publicly viewable on Facebook, featured a number of channel manufacturers, as well as custom installers providing tips for successful smart-home implementations.
The streaming event was “a way for brands and dealers to speak directly to homeowners,” says Matt Montgomery, co-founder of Tym. “Knowing what’s out there and what’s possible will help them make informed choices for their own home.”
Montgomery served as an on-air host along with Michael Restrepo of Restrepo Innovations and Rob Skuba of The Tech Reps. The hosts were onsite at the Rayva showroom in New York.