“So far we are still in very much the early-adopter phase” of the smart home, says Michael Philpott, principal analyst at Ovum, an independent analyst and consultancy firm which specialises in smart cities and home automation.Philpott tells IFSEC Global how the industry can give home automation mass market appeal and imagines what the smart home of the future might look like – a subject he is also exploring at IFSEC International 2016, which runs between 21-23 June at ExCeL London.
The Internet of Things (IoT) is the next step in the evolution of wireless networks. Analysts predict the IoT will double in size to nearly 50 billion devices by 2020, comprising a $1.7 trillion market. One of the greatest opportunities still lies ahead in the form of the “smart home.”
The smart home may be just around the corner but consumers are somewhat leery of what they’ll have to do to make it work.While most (68%) consumers think smart homes will be common as smartphones within 10 years, they don’t necessarily want to personally do the work to make them possible, based on a new study.The study comprised a survey of a representative sample of 2,500 U.S. adults by TNS for Intel.