The future of smart home technology appears to be in good hands as the technology is booming and will only be more impressive over time. Smart home devices and features increase the comfortability of homes, solve daily problems, make decision-making more effortless, and make life safer and healthier. There are many other benefits to this technology, so it is not by coincidence that it is growing and is projected to grow even more soon.
According to a Statista prediction, the smart home technology market will reach revenue of $24.8 billion by the end of the year. They also project that the market will grow at an annual rate of 12.82% and, by 2025, will generate around $47 billion. This says a lot about the growth in this market and the big things expected of it now and in the coming years.
There are already hundreds of millions of homes globally using smart home technology already, and the number will only increase with the years. One thing that drives the growth of this technology, however, is trends. So if you are going to talk about smart home technologies and their growth, you must point back to the smart home trends driving it. This article will discuss the five biggest smart home trends driving this technology in 2021.
- Increasing focus on IoT
It is impossible to ignore IoT (Internet of Things) in any discussion that involves a smart home. It is one of the significant technologies driving smart homes, and it remains a big part of its trend. IoT notion comprises several types of devices ranging from Wi-Fi-enabled fridges to smart speakers and self-driving cars. This is a fast-growing trend in innovative home technology. It is estimated that the value of the IoT market globally will be around $1.5 billion by 2027, with a growth rate of 24.9% CAGR.
It is expected that IoT devices will be more advanced in the future, and there will be much more use cases for their implementations. A possible implementation of this technology is doors with smart locks that unlock automatically once it recognizes the owner’s face. IoT remains the most exciting smart home trend in 2021 as it brings more innovations to our lives.
- Increased automation and connectivity
The automation of basic routine tasks is one of the central ideas behind smart home technology. However, a big challenge in this area is the absence or lack of connectivity between devices and current home technologies. A possible way to deal with this problem is by using hubs to connect devices. In addition, these hubs help to ensure centralized management and control.
A significant trend in smart home technology is natural language processing, machine learning, and computer vision that enables these hubs to carry out automated decision-making.
Many of the existing solutions in smart home tech already rely on machine learning. For instance, smart thermostat systems and Nest & Honeywell rely on machine learning to study people’s habits and adjust the temperature levels to suit their personal preferences. So the use of smart home technologies means that our houses can execute a significant number of daily tasks and take them off our hands.
- Privacy
Privacy was always a big focal point for smart home technologies. Homeowners have also trusted these technologies, from smart speakers to security cameras and always-listening devices. However, there are numerous examples of hackers hacking into speakers and cameras, and listening and watching, when they should not be.
For this reason, companies are now taking steps to ensure more robust security and privacy for smart home devices. One of these is the creation of physical lens shields. Believing that a camera is not recording when told not to record is one thing, but putting a physical barrier to ensure that the camera does not see through is another thing. According to an essay writing service, safeguards like this in smart home devices ensure that the users control their privacy, and they have peace of mind about the privacy of their data.
- Growth of Artificial Intelligence
It would be meaningless to talk about smart home trends without mentioning artificial intelligence (AI). AI is used increasingly in smart home systems, and combining it with machine learning means that it can analyze the data that the sensors collect and use it to predict required actions before the homeowner gives the command. For instance, this technology can automatically turn on the heaters or order groceries from a nearby store. This takes home automation and smart home technology to the next level.
- The sentient home
This is a fast-rising trend in smart home technology and symbolizes what the future holds for homes. With the sentient home, houses will have an intuitive environment managing residents’ internal and external necessities. This home has many smart devices that are ultimately connected to wireless control. The sentient home has automatic real-time adjustments for several facilities supporting individuals, weather patterns, and preferences inefficiency. As a whole, these homes are entirely automated, and the house routines are by themselves. Artificial intelligence controls the automated applications, and they are able to get by the daily home functions efficiently and in a way that accumulates data to enable machine learning to continue optimizing these processes.
Conclusion
The smart home technology market will only grow bigger and get stronger. The biggest trends for this technology in 2021 focus on Artificial Intelligence, the Internet of Things, Increased automation, privacy, and connectivity. There are many rising trends as well and these trends will continue to drive this market for the coming years.
