Asia-Pacific households are tipped to be the biggest adopters of smart-home technologies as the sector grows from a global value of US$46.97 billion in 2015, to US$121.73 billion by 2022, according to research company MarketsandMarkets.
A separate study by Statisca.com forecasts that, in Hong Kong, smart-home revenue will multiply by 42 per cent from 2016 to 2021, with household penetration rising from 1.3 per cent to 4.8 per cent.
But as tech companies rush to develop products to feed this appetite, what do consumers actually want in their smart home of the future? US company Alarm.com surveyed around 1,000 American households to find out.
Although 48 per cent of respondents said they were very or extremely interested in smart-home products, 59 per cent feel confused by the plethora of products.
They want systems which are simpler to understand and set up, and 88 per cent would prefer a single app to control all devices.
The householders placed a priority on intelligent smart home security, and said comfort was just as important as energy savings when it comes to smart thermostats.
A separate research project conducted by Australia’s national broadcaster, ABC, found that most people interviewed were “ready for the seamless, personalised and device-free futures the future connected home promised them”.
Philip Beary of YouGov, an online market research firm, agrees that people are excited by the possibility that smart devices will provide a heightened amount of safety and comfort in their lives.
“The smart-tech products that focus on these attributes consistently poll at the highest numbers,” he says. “We are seeing some traction – in terms of awareness, familiarity and purchase intention – for smart-security cameras, speakers, and especially thermostats.” However, other smart-tech products “are really lagging behind”, Beary adds.
This article was originally published by Home Essentials