Smart Home Technology Is Booming

We have been waiting for quite a while for the kind of smart technology promised in cartoons like The Jetsons. Though we are years from Rosie the Robot cooking us a meal in her tummy and flying cars zipping around, the truth is we are a lot closer to enjoying automated home systems than ever before.

Smart home devices are popping up left and right, promising to help us automate almost all of our daily tasks while taking care of our home’s “infrastructure” without any heavy lifting required on our end. Technology like the Nest product line of thermostats are changing the way that we interact with our home, completely reinventing age-old technology while helping to make our lines less stressful and more efficient every step of the way.

It’s going to be interesting to see how companies – and consumers – embrace this seismic shift in new technology in the years to come. But if the last few years are any foundation to build off of we are going to be in for a very, very exciting decade coming up!

Smart home technology adaptation is 7% over last year

In 2015, 19% of all households in the United States had at least one smart home device – by the end of 2016, that number grew to 26% (a growth rate of 7%) and things are only expected to grow faster and faster in the years to come.

In fact, industry insiders believe that by the end of the year 2020 more than 55 million smart home devices will be installed in homes in that year alone, and by the year 2030 nearly every single home in the United States will have at least a handful of pieces of smart home technology automating their lives and increasing efficiency across the board.

If the growth rate continues as it is right now – and if it grows even faster as many people expect – nearly 50% of all homes in the United States may have smart home devices by the time 2022 rolls around.

Things are getting very, very exciting and moving extremely quickly. The “Internet of Things” is becoming a reality.

Smart home technologies are now leveraging the flexibility that mobile devices have really pioneered

It’s a little bit unsettling to realize that the very first “real” smartphone was released only 10 short years ago – the original iPhone was set free into the wild in 2007 – especially when you consider just how advanced these devices are today and how foundational a piece of our societal fabric they are right now.

Almost everyone has a smart phone in their pocket, and those that do use mobile applications on the smartphone devices for most every task imaginable. The phone is no longer just for communication, but instead for buying movie tickets, making reservations, checking the weather, placing stock purchases, playing video games, and everything else one can imagine.

That’s exactly what the future of smart home technology is trending towards.

Right now, the overwhelming majority of devices are simply designed to do one task and one task only. The Nest example we provided above is a prime demonstration of that “single-purpose” kind of technology – it controls your thermostat and thermostat.

Smart home technology being developed right now, however, is being designed to be as flexible and as leverage rich as those smartphone devices are. These new devices are going to transfer the way that homes are built and the way that we interface with our properties from here on out.

Big data, analytics, and artificial intelligence represent the future of the smart home

All of the major technology being pioneered by the world’s largest tech companies today – big data, analytics, and artificial intelligence – are all going to be folded into the realm of smart technology if they aren’t being folded in already.

Soon we won’t have to tell our thermostat to go to a specific temperature from our smart phone. It will instead collect weather information from Internet sources, read temperature and energy efficient information from smart home devices, and then automatically adjust to create a true hands-free climate controlled environment.

And that’s just an example of the technology that is already in the pipeline today. Think about what 10 years down the line may have in store for us!

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