The market for wearable devices is absolutely on fire. Case in point, the global wearables market grew 67% during the first quarter of 2016, according to researcher IDC. Predictably, tech investors are busy searching for the top wearables companies to add to their portfolios. So, which companies are churning out the tech wearables consumers want the most? Let’s quickly review which companies dominate wearable tech today.
The roll-out of smart energy meters is making consumers more likely to be aware of their energy consumption and take steps to reduce it, a new report has found.Smart Energy GB’s ‘Smart Energy Outlook’ report, published today, found that the vast majority (84%) of consumers who had received a smart meter from their utility considered themselves to have a better idea of their energy costs, while 69% thought they were in more control of their energy use.
It only takes a quick Google search to see the promise of the smart home. The way in which we can now control functions in our homes and how devices control aspects of our lives for us is nothing short of incredible. And to consumers who aren’t technology-lovers, it’s nothing short of overwhelming. Though the budding world of smart home technology is continuing to grow, the majority of early-adopters have adopted.To identify what consumers want it’s essential to create a clear portrait of their buying motives. In a report that Shelton Group produced last year, we were able to break this down and reach a surprisingly logical conclusion: men and women have different priorities when purchasing new technology and therefore different buying drivers in the smart home arena.
Source: Overcome the Smart Home Gender Gap | Builder Magazine | Construction Technology, Building Technology, Technology, Home Technology, internet of things, home energy management systems, smart home, Design and Trends, Suzanne Shelton
While the advent of smart home solutions has created new revenue streams for residential security companies and subsequently increased the value that an alarm system provides to consumers, the technology still faces several challenges that could hinder its growth moving forward. In fact, according to Tim Hewitt, analyst for security and building technologies at IHS Markit, while the initial uptake of smart home systems by early adopters was in line with expectations, existing market barriers have become more significant as companies have tried to expand their offerings to the broader market. As a result, Hewitt said the market research firm has revised its forecasts to account for the lack of broader consumer interest in connected home products.
Smart Home Ready Americans are excited by smart home options—but 44 percent want the technology already installed before moving in to a new home. Further, 57 percent would consider buying an old home if smart home tech had been installed. So says a new survey from Coldwell Banker Real Estate which found that the majority of those who are eager for smart home tech are Millennials, then followed by those from Generation X, and finally Baby Boomers. Although smart home devices are growing easier to install, consumers still want some of the work done for them. Having a home pre-wired and set up for smart home devices, whether a smart thermostat or security system, is clearly now a attractive feature for home buyers.
If consumers are shopping for smart-home products, security is likely top of mind.According to The NPD Group’s Connected Intelligence service, four out of 10 consumers who are at least somewhat interested in a smart home ranked making their home more secure and safe as the top reason driving their interest.
Mass adoption of connected home devices may not be too far off. Ipsos focused in on the popular topic of home automation in its latest installment of the Canadian Interactive Trends Report, a quarterly syndicated study. Looking at interest, attitudes, and behaviours toward home automation among Canadian households, the study found that significant opportunities are just around the corner, but consumers need to understand the true value of home automation first.
Source: Daily Exchange – Posting
A lot of the creating of a smart home for a consumer is hardly a do-it-yourself proposition.It looks like the most consumer satisfaction in smart home device setup comes from others who provide for the installation of devices rather than from consumers doing the tasks themselves.
Unveiled last week by the joint coalition of Southern California utilities and CA Public Utilities Commission, the Conserve Energy SoCal initiative seeks to help southern California residents conserve energy, save money, and reduce the risk of shortages of natural gas and electricity.
In addition to educating consumers on energy conservation, participants will also receive alerts on social media and through a mobile application during peak periods. The post below went out on Monday as temperatures in the region soared.
Today marks the availability ofCirrent, the new way to connect any smart, connected product to the Internet automatically and securely. Cirrent’s service enables connected products—such as home thermostats and televisions—to connect to the Internet automatically and securely, right out of the box. With more things on the Internet than people, it’s predicted there will be 30 billion devices online by 2020—ranging from sprinkler systems to teddy bears. In fact, approximately 88% of consumer electronic devices shipped in 2015 were Internet-enabled. Before Cirrent, the setup process for most connected products involved multiple steps, confusing passwords, and in more than 20% of cases, consumers failing to connect their “smart” products to the Internet at all (source: Accenture). The difficulty of getting products connected to Wi-Fi is a fundamental barrier to the adoption of connected products, and results in lost sales, high support costs, and high returns. Cirrent addresses these issues head on by making products secure, reliable, and easy to use, which adds directly to the bottom line of the product companies.