Smart Home. Sunday , July 22nd , 2018 - 20:59:25 PM
The global market for smart home automation is anticipated to witness impressive growth in the forthcoming years. Remote control living and high demand for automation will remain the major baits for the users opting for the advanced products available in the market. Rising disposable income and awareness regarding the innovations taking place in the world of technology can create major business opportunities for the top market players like Honeywell International Inc.; Lutron Electronics Co., Inc.; Legrand SA; Schneider Electric; and others. High demand for heating, ventilation, and air conditioning (HVAC) systems, smart kitchen, smart security, and energy management can propel the demand for the global market in near future.
The threats of security breach include but not limited to insecure devices, insecure mobile apps and Wi-Fi network vulnerabilities. The smart home developer is always up and doing to secure their devices and apps through pre-engineered software and regular updates through FOTA (Firmware on the Air), once the device has been sold and being used by the Consumers. So, as an end-user, your primary concern is the network in which your device is connected.
There are a few big reasons that people aren't transforming their house into full smart homes today:. The first is cost. Right now the technology necessary to get all of your appliances communicating with one another for energy conservation is cost-prohibitive for most people. "Retrofitting a house with the latest smart meters, smart monitors and energy-efficient "green" technologies can cost $10,000 or more." It won't always be this way. As the technology becomes more popular and easier to produce it will become more affordable for everyone. The second reason is because new homes are a small part of the market. Retrofitting an old place to make a modern home is more expensive than creating a smart house from scratch so the majority of the modern homes today are brand new construction homes. However these make up only a small percentage of the house sales market. And the last reason is “confusing” technology. In order for the average homeowner to adopt smart technology it needs to be super simple, user-friendly and intuitive to use. Right now some of the smart home technology is more advanced and people are intimidated by it. As we get more and more used to using it this problem will go away and smart homes will become the norm.
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