The State of Smart Home Tech + Day of Celebration

This year’s National Smart Home Day was a huge success, bringing together consumers with industry experts to shed light on what’s happening in the industry.

Rodney Bosch

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.

About the Author

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Rodney Bosch:

Although Bosch’s name is quite familiar to those in the security industry, his previous experience has been in daily newspaper journalism. Rodney Bosch is an editor for CE Pro sister publication Security Sales & Integration. Bosch is a graduate of California State University, Fresno with a degree in Mass Communication & Journalism. In 2007, he successfully completed the National Burglar and Fire Alarm Association’s National Training School coursework to become a Certified Level I Alarm Technician.

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