Huge Growth Predicted for Smart Home Technology

A recent report from Statista predicts that smart home technology will experience massive growth over the next five years, as integrated hub controls from the likes of Google and Amazon make it easier to centrally control a wide range of gadgets and devices within the home.
Smart lighting usage is expected to triple by 2022, with over 100 million devices predicted to be in place, and smart audio systems will go up from 100 million to 230 million. Meanwhile, even the use of video entertainment – already a well-established industry – will grow to nearly half a billion units over the five-year period. However, there is also room for more functional smart technology growth. The use of thermostats for temperature control is still relatively in its infancy when compared with entertainment systems. However, this is also expected to increase threefold, proving that the use of technology is going to increasingly become about convenience rather than status in the coming years. Google has recently launched Nest Thermostat E, this indicates their intention to join the rapidly growing market. This will also pave the way for other smart devices to emerge.

As a relatively new technology, the concept of a smart home did not have much buzz on social media. However, this has changed dramatically since Google and Amazon joined the home automation market. Now many people can see these technologies in action. They are talking about these smart devices and sharing their experience on different social media. This trend will continue to grow over the next few years.

There are two reasons behind this rapid growth of home automation industry. Firstly, smart technology has become more easily accessible, with the introduction of hubs meaning that those less confident with technology can still operate smart systems without any issue. The second reason is that smart products are no longer prohibitively expensive commodities for the rich alone. Esteban Borelli, CEO of AVITHA, a home automation service provider based in London, said “We are increasingly becoming a society of digital natives. With that has come increased demand for smart products in the home and the convenience that smart technology brings. At AVITHA, we are looking forward to expanding our product range as the market grows, and to helping more customers access smart technology in the coming years”.

Of course, there are other advantages to the emergence of affordable smart home technology, including managing energy efficiency to save money and protect the environment. There’s also the peace of mind that comes with being able to manage devices remotely, as it gives complete control over the home even if you are away.

Due to the huge potential home automation technologies bring, it is vital that installers prioritize IoT security. This will significantly increase the reputation of the business along with people’s trust in automation technology. Home automation industry will continue to grow, alongside the importance of IoT security will become more apparent.

These forecasts spell good news for home automation specialist dealers and installers, with the likelihood being that there will be an increase of revenue for those who innovate.

AVITHA is a home automation installation specialist company based in London. We provide complete home automation, multi room AV distribution, intelligent climate control, door entry system, smart lighting and many other automation services. Contact us for consultation and advice.