Advancements in smart home technology have been innovative. More homes worldwide are saying yes to installing smart home devices because of its convenience and reliability. A Strategy Analytics report, consumer spending on smart home products, services and installation fees will reach $157 billion by the year 2023. The report also stated that over 309 million homes across the globe (of 15% of the world) will have at least one type of smart home product installed . If you want to know about the latest smart home technology trends, you’ve come to the right place.
Different people around the world look for different things in smart home devices. A study was conducted by home insurance company Hippo surveyed how 1000 consumers see smart hone technology and what do they use smart home technology for. 46% use smart home technology for convenience, 17% to monitor their home when they’re away and 16% for added security and protection. Moreover, 15% said they use it for paying their utility bills while 6% have other reasons . Smart home technology around the world is constantly developing creative, reliable products that help homeowners sleep peacefully at night. In 2021, smart home technology is only going to get better and more efficient. So, if you want to know about the most recent smart home technology trends, enter your email ID.