Future Smart Home Tech
Published 14 August 2023
By 2032, the global smart home market is projected to reach $581.85bn (Precedence Research, 2023), capitalising on promises of a healthier, more sustainable and convenient living environment. We dive into the evolution of the opportunity, spotlighting new protocols, technologies and functionalities and consumer anxieties driving trends in the domestic digital space.
Seamless Smart Home Control
Automated Eco Environments
A Healthy Home
The Privacy Problem
Consumer adoption of smart home systems is hampered by the challenges of fractured multi-device digital ecosystems and non-communicative interfaces. New protocols, tools and devices are emerging that promise to streamline smart home controls and make domestic digital systems more responsive to consumers’ needs.
Consumer adoption of smart home systems is hampered by the challenges of fractured multi-device digital ecosystems and non-communicative interfaces. New protocols, tools and devices are emerging that promise to streamline smart home controls and make domestic digital systems more responsive to consumers’ needs.
Summary
Seamless Smart Home Control | Consumer adoption of smart home systems is hampered by the challenges of fractured multi-device digital ecosystems and non-communicative interfaces. New protocols, tools and devices are emerging that promise to streamline smart home controls and make domestic digital systems more responsive to consumers’ needs. |
Automated Eco Environments | In the UK, 41% of people think adopting a sustainable lifestyle is too complicated or too difficult (Deloitte, 2023), leading 45% to consider buying energy-efficient smart home solutions to simplify at-home environmentally friendly actions (Amazon, 2022). Cue products that bolster a home’s eco credentials but do so with minimal labour. |
A Healthy Home | As healthcare and insurance costs rise globally, health-conscious consumers are investing in wellbeing-supportive home tech: 42% of Brits use technology to encourage exercise, and 38% use it to monitor their overall health (Samsung, 2023). Self-diagnostic and preventative tools are a particular bright spot. |
The Privacy Problem | Dubious privacy of IoT (internet of things) devices puts trust in smart home tech at risk. Some 62% of American connected device users worry about being hacked (Bankless Times, 2023). Enhanced security standards will ensure user data remains secure, while inbuilt privacy features and educational resources are in demand. |
Future Smart Home Tech
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Offering access to over 350 consumer and cross-industry reports annually, Stylus Membership is your window to tomorrow’s most exciting opportunities.
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