People are more connected today, thanks to the latest technological wonders of the Internet of Things (IoT). In the last few years, things have changed drastically about how we lead our lives. From the use of smartphones to connected home devices, things have become more organized than ever. The end result is a better quality of life, and more comfort, more economical, entertaining, and secure lifestyle.
The smart home market continues to post green numbers for the past few years. According to an estimation, the smart home device market is likely to grow to $174 billion by 2025 from $55 billion recorded in 2016. It is a clear indication of what to expect in the years to come as people take more interest in a comfortable lifestyle. The next decade is set to witness a great shift in the way people lead their lives. There will be more reliance on machines and robots, and off course, the Internet of Things.
As smart homes industry is taking roots in the global market, there are many trends that indicate a lot more bigger numbers for smart home device manufacturers than now. Let’s have a look at some of the shaping trends for smart homes industry in 2020.
1. Need for Better Standardization
One of the leading bottlenecks for the smart homes industry is the lack of standardization. As of now, a smart home device that is compatible with Amazon, is not necessary to function on Google platforms. This is something that has the potential of pegging the smart homes industry back. The leading smart home device makers will have to make sure that their services and products will function on different platforms offered by companies like Apple, Amazon, Samsung, and Google. This would be a step in the right direction and will help the industry players to expand their customer base.
This is a problematic situation for both manufacturers and consumers. While it could be a roadblock for the smart home manufacturers to increase their sales, it would be a problem for consumers who might find themselves in a position where their smart home devices fail to function with different manufacturers.
Consumers simply don’t like to stick with products of a single brand. They would hate to find themselves in a situation that stops them from using a particular smart home device just because it is not compatible with the platform they use. This conflict may also result in security vulnerability, which is exactly what a smart home consumer would never want to imagine. Leading smart home device manufacturers like Google, Amazon, and Apple will have to join forces to build a platform that allows their devices to interact with each other and function perfectly with each other. The need for joint platform is certainly going to be a core thing for smart home device manufacturers in the years to come.
2. Machine Learning to Take Roots
Smart homes are rapidly making their way into the global market. There is a visible increasing need for smart homes as people want a safe and secure environment for their dear ones. In this scenario, there is a dire need for the smart home devices to become accustomed with the lifestyle of people. Being smart isn’t really the case when we speak about home technology. Rather it should be termed as Connected Home because smart home devices like lights, window blinds, and video doorbells can be programmed from your smartphone. However, since they can’t perform automatically or on their own, they can’t be termed smart.
This is where the coming years will see major shift. The smart home devices manufacturers are focusing more on machine learning, natural language processing, computer vision, and other technologies. This would make these devices capable of thinking, learning, and making decisions automatically. The smart home devices will gradually align themselves to people’s lifestyles.
You can experience machine learning even today. Smart home devices like smart thermostat systems from Honeywell and Nest already use machine learning to align their behavior with the residents of a house. These devices observe and learn the living habits of the inhabitants of the house and adapt themselves accordingly. We can expect to see more AI-centric features in smart home devices this year. For example, facial recognition is set to become a must-have feature in the home security systems.
3. Robots to Find Bigger Role at Homes
We can already see robots doing domestic chores as lawnmowers and vacuum cleaners. However, they are set to be awarded bigger roles in smart homes in the years to come. The Artificial Intelligence-equipped robots will become smarter to help us in a wide range of tasks. Get ready to see your home robots performing tasks like cooking, cleaning, providing healthcare services as well as companionship. LG and Trifo are already exploring possibilities with CLOi and Lucy, respectively. Such smart robots will revolutionize the healthcare industry, especially for the disabled and the elderly. As the competition is heating up between different manufacturers, we might see prices dropping in the next few years.
4. Access to Smarter In-Home Healthcare
Many people don’t like to find themselves in a hospital environment. Such people prefer receiving healthcare services at their homes. With machine learning becoming a major priority for the leading home device makers, the concept of in-home smart healthcare is becoming a reality. This would eventually result in better life expectancy. Devices like smartwatches have already allowed people to monitor their vital signs, which led to better activity levels, nutrition, and quality of sleep levels. In the coming years, we will see other such devices that will provide interventionist services, such as connecting patients remotely with their medical practitioners, alert their carers, or even monitor symptoms to diagnose a few diseases. As mentioned earlier, Apple’s Watch can create an electrocardiogram (ECG) report that provides insight into the variation in heartbeat rate. The smart devices are also capable of collecting vital data, which will allow the smart devices makers to design more efficient healthcare solutions.
Conclusion – the Future is Smart
The trends mentioned above are a clear indication that the future is smart. People will have access to smarter devices in the coming years which will not only improve the standard of life but will also enhance the life expectancy levels. If you have queries about which smart home devices are perfect for your home, feel free to contact us at (833) 808-1028.