The smart home industry needs more data to increase its adoption among everyday consumers according to a recent report sponsored by Vivint.
A $17.5 billion market forecast by 2019 has led to the concern as to what is holding the smart home industry back from growing at a considerable pace. The report was done by NextMarket Insights and is titled ‘The Mass Market Smart Home.’
“Simply selling a smart home system that connects devices will capture the imagination of early adopters,” said Michael Wolf of NextMarket Insights in a news article. “but for the smart home to become as pervasive as other seminal product categories like the smart phone, consumers must see tremendous inherent value delivered by a more connected lifestyle.”
The following cases were highlighted as valuable areas of concern for consumers:
- Aging, Retirement, Eldercare
- Pet Care
- Children and Teenagers
Read the full article here.