Smart Home. Monday , September 03rd , 2018 - 11:36:07 AM
There are some disadvantages of a smart home also. It is quite expensive technology and is out of reach of an average home-owner. It’s also a quite complicated technology. Traditional people feel uncomfortable in using home automation technology. Technology also brings risk of hacking. Once the central controlling system of your home is hacked, the intruder can easily control your house. It is very difficult to identify that your automation system has been hacked.
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.
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