Here’s how the internet of things could shape the home of the future – Business Insider
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“Smart homes” integrate technology to optimize and
control utilities, electronics, and security systems.
Only about 16% of Americans will live in a smart home
by the end of 2017.
Eventually, your home will learn about and adapt to
For years, consumers have been promised that their homes will be
connected and smart, integrating the latest technology to
optimize and control lighting, heating, energy consumption,
electronic devices, and security features.
However, the future has come a little slower than expected. By
the end of 2017, itâ€™s estimated that only 16.3% of Americans will
live in a smart home, though this percentage will increase to
35.6% by 2021.
Examining the smart home market
Todayâ€™s infographic comes fromÂ Insurance Quotes, and it helps to give an overview
of the current market as well as the reasons for hesitation in
the switch to smart homes.
The infographic also provides a future outlook, including the
impending movement to â€œautonomousâ€ smart homes.
In 2016, smart systems were installed in about 45% of all homes
in the U.S. that got renovated.
However, they are far from ubiquitous yet â€“ many consumers still
have concerns that are holding the market back from reaching its
The largest hindrance to smart homes for now is cost, which is
cited by 42% of consumers as an obstacle.
However, there is also evidence that a fear of devices being
hacked is also a challenge for many wanting to adopt the
technology â€“ in fact, 17% prospective buyers cite privacy and
security concerns as a top hindrance. Further, about 10% of
consumers have already had smart home devices hacked, and 87% of
them had to shell out money to solve the issue.
Paradoxically, even though technologically superior security
systems are a top reason that homeowners want to have smarter
homes in the first place, the vast majority of IT experts say
that IoT apps such as those used at home are far harder to secure
than regular mobile apps.
Autonomous smart homes
After smart homes, the next logical step is an autonomous smart
home that can learn based on your habits and behaviors. Such a
home would recognize you and other family members, adapting
things like temperature, lighting, or recommendations to you
automatically based on your lifestyle and activities.
For this to work â€“ everything would need to be truly connected:
your mattress would assess how you sleep, your alarm would
connect to your coffee maker, and the morning lighting would be
shifted to match your evolving preferences.
While there are many uncertainties about what an autonomous smart
home would mean, the inevitability of their rise is clear.
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