January 8, 2015
The “smart home” is a big thing at this year’s CES – having its very own Smart Home Marketpace, 25,000 square feet where people can check anything and everything that people are working on in the space. There are things like automated smart lights that can turn on once you wake up from bed, and smart thermometers that can adjust a room’s temperature based on a history of your preferences. With all these new technologies on the cusp of wide mainstream adoption, it leads one to wonder: what will the future smart home look like?
According to the most recent forecasts from Strategy Analytics, revenues from the U.S. smart home market was expected to exceed $48 billion in 2014 and will increase to $115 billion by 2019. That’s a sizable increase in revenue over a relatively short period of time. But we really shouldn’t be surprised. At this year’s CES, smart homes and the Internet of Things are two closely related concepts; indeed, in order to enable any kind of home for intelligence would entail the interconnectivity between all devices and household objects inside that home – which is exactly what this “Internet of Things” describes. On Monday, Samsung’s CEO BK Yoon took to the stage at CES to deliver a talk on the Internet of Things, emphasizing the company’s commitment to creating devices dedicated to the IoT movement and towards the experience of seamless smart home connectivity.
With all the interest in and the clear dedication by various companies to deliver smart home experiences, what will the future smart home look like? Lamudi, a global online real estate startup serving emerging markets, has created an infographic which envisions precisely that. Take a look:
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