With new devices and technologies designed to make home living smarter, safer, and more convenient, smart homes are all the rage in 2019. However, this is not all. According to market research, the global smart home market is expected to rise to $53.45 billion by 2022.
Smart homes are no longer a luxury — the devices and smart technologies used today are a necessity to improve convenience and security and enhance the flexibility and functionality of systems, appliances, and other devices.
If the 2019 Consumer Electronics Show CES) was anything to go by, smart home technologies are here to stay. You’ve seen companies come up with or upgraded existing tech to make homes smarter and more intuitive. Thus, if you haven’t yet bought into this trend, it may be time to. With this in mind, here’s a look at the implications of smart home trends on current and future lives!
How Smart Homes May Facilitate Homeowners’ or Renters’ Ability to “Age in Place”
Old age comes with its share of challenges. You suddenly can’t gather enough strength to walk up to the manual thermostat and adjust the temperature. You have no energy to run around and monitor your puppy which is the only household companion you have.
Companies have introduced technologies that will allow homeowners and renters to age in place and enjoy their golden years with little hustle. Some of these are basic ones such as automated thermostats that are adjusted using remote controls. Other advanced technologies that will significantly aid the elderly include the following:
• Smart stove shutoff
• Smart lights, CO detectors, and home sensors
• Smart medication dispensers
• Smart kitchen appliances such as fridges and ovens
• Pet-monitoring cameras
From automated lights to refrigerators that can track usage and expiry of stored products, these techs will undoubtedly make life easy and convenient for seniors.
Privacy and Data Security Issues
Privacy and security have always been major concerns in homes today. In the U.S alone, approximately 2.5 million homes are broken into every year. However, with the advent of advanced privacy and security systems, people are taking security more seriously.
Some of the technologies that have improved residential security and privacy include the following:
• Automated security systems, which include motion sensors, wireless systems, security lighting, alarm systems, and smart fences.
• Smart tint or privacy glass for homes
• Remote monitoring systems
Besides break-ins, another concern for homes today is data privacy. With the use of smart mobile devices and computers, homes are becoming increasingly vulnerable to both local and remote hacks.
Technologies such as network firewalls and WPA2 encryption method are available to prevent hacks and protect data from landing in the wrong hands. This has gone a long way in protecting homes that use wireless systems from network hacks and physical break-ins.
Investment Trends Involving Smart Homes and Smart Home Devices
Every year, companies are introducing new trends revolving around smart homes and smart home devices. As was evident in the 2019 CES, firms are investing billions into developing smart technologies for the modern homeowner and property developer.
Some of the investment trends involving smart home devices include the following:
• Firms are finding ways of integrating artificial intelligence voice assistants into the home without using devices such as mobile phones. Everything from light bulbs and appliances to smart toilets can be controlled using voice assistant tech.
• In addition to voice, companies are embracing smart screens to make up for large displays of data that wouldn’t be conveniently available using voice assistants. They are integrating smart screens into home appliances such as refrigerators, washers, ovens, TVs, HVAC systems, and much more.
• Firms are investing heavily into home automation ecosystems which aims at unifying all devices and appliances to get them to talk together. Companies such as Apple, Google, and Amazon have been on top of this technology with their smart home ecosystems.
As tech advancements hit the market, there is expected to be even more trends as companies explore new ways to incorporate technology and customer feedback into their products.
Smart Home Trends are Here to Stay
Over the last decade, there have been numerous tech advancements in the modern home. Firms are creating products that enhance safety, convenience, and efficiency in the home. If you haven’t yet embraced these technologies, it’s time you did.
Whether it’s an advanced security system or a toilet that flips the seat when you tell it to, there’s so much to explore. Assess your needs today and choose smart home technologies that will improve your quality of life.