Smart homes are the next big thing. You may not realize it yet, but somewhere your day will be easier because of it. Smart home technology is not only impacting the houses its installed into. Its reach stretches to other industries like business, science and even health care. Here is an infographic detailing the numbers and change caused by smart homes.
The rapid rate of growth in the smart home industry has an effect on all kinds of industries. The easiest way to track this is to follow the money. In 2018 alone, the US has spent $19.827 billion on smart home technology. This may seem like a low amount compared to the total size of the American Gross Domestic Product. But, keep in mind that smart homes are all about connecting different types of technology. It uses the Internet of Things (IoT) to do this. It’s estimated that by 2020 IoT will generate revenue exceeding $300 billion. The influential power of that $19 million odd (spent in 2018) suddenly looks very promising.
Smart homes have you in mind. Its very existence is to make …read more
Read more here:: How Smart Homes Take Over The World (Infographic)