"Connected Homes": The Industry's Next Big Thing

"Connected Homes": The Industry's Next Big Thing

Industry experts are calling connected homes the "next big thing". Experts say that people are driven by the comfortability and connectivity provided by smart home technology. As a result, they are willing to spend more on connective home technologies like smart thermostats, leak detection sensors, and app enabled home security systems.

Described as a global phenomenon in 2016 for selling over 80 million products worldwide, connected homes link multiple smart devices together to create an easily controlled and automated environment. With these impressive stats, it may be time to embrace the connected home movement.

According to experts, the top five products to keep an eye on are:

1. Leak Detection Sensors

2. Connected Thermostats

3. Smart Garage Doors

4. Smart Watering Systems

5. Smart Home Security Systems

Connected homes are expected increase in market share by %12.5 by 2022. This is due to the fact that consumers are drawn in by the idea of being able to monitor the security of their homes remotely and companies are encouraged by the opportunities for innovation and profitable growth. 

Stay tuned for more updates!