State of the Smart Home: Trends To Watch

State of the Smart Home: Trends To Watch

New smart home research reveals big opportunity for emerging aging-in-place technology and continued concerns for security.

Telecoms Intelligence’s report, IoT Outlook 2015, and Icontrol Network’s survey, 2015 State of the Smart Home reveal that, in the past year alone, consumers have become more educated and excited about the possibility of incorporating smart home tech into their lives.

RELATED: What’s a Real Smart Home?

“More people are expecting it in the home,” says Chris Hinch of Essex Homes.

 

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Trends with Aging

Age Makes a Difference

3 out of 4 surveyed are interested in using a smart home to protect their parents
3 out of 4 surveyed are interested in using a smart home to protect their parents

According to Icontrol’s study, 79 percent of Millennials are interested in using smart home technology.

Homeowners over 45 want technology installed for them with a budget of under $500, whereas Millennials are interested in DIY projects with a budget of $2,000 to $3,000.

Aging-in-place tech is a huge concern for almost all ages. The same study shows 74 percent of consumers over the age of 34 say they would sleep better if their elderly family member had a smart home.

RELATED: Casitas Aim to Accommodate Aging in Place

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Trends with Aging

About The Author

Michael Black is a staff writer and content coordinator at TecHome Builder. He has a particular interest in new solar developments and smart energy systems and is always looking for the next smart home trend to cover. As the youngest member of the TecHome team, Michael brings a passion that keeps the team energized. He also is instrumental in leading our social media efforts.

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