|A study revealed that the value of the smart home device market is set to grow by $174 billion by 2025 from only $55 billion in 2016 / Credits: nicoelnino via 123RF|
Smart technology has been offering us domestic help in new and innovative ways. Throughout the years, tech companies have launched and introduced products that aim to help homeowners and keep them safe at home. Thus, it’s not surprising that more and more customers are increasingly investing in smart devices for their houses. A study revealed that the value of the smart home device market is set to grow to $174 billion by 2025 from only $55 billion in 2016.
This 2020, smart technology will only get faster and more powerful. Here are some things that you can expect from the market this year.
1 - Smart homes will get smarter
Experts have settled on calling smart homes ‘connected homes’ since devices don't automatically become 'smart' just because they are plugged into the internet. However, this will change as more and more devices begin to make use of machine learning, computer vision, natural language processing, and other technologies. These technologies are capable of thinking, making decisions, and learning. Also, customers should expect more AI-driven technology as a feature of home security systems.
2 - Increasing standardization
Manufacturers of smart home devices need to consider several things when developing products and services. This includes making sure that these devices work on platforms provided by Amazon, Google, Samsung, and Apple to capture the broadest customer base. According to Forbes, a global media company focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle, customers are encouraged to see plans from Apple, Google, and Amazon to create a set of standards designed to make smart homes simpler and more secure.
3 - Robots in the home
Smart homeowners are also increasingly adopting AI-powered robots to help them with an expanding range of tasks. These machines aim to free us from daily chores at home, allowing us to spend our valuable time on things other than chores and routine maintenance. This 2020, it is expected that mobile robots will become more common, useful, and cheaper.