The US smart home market has been struggling — here's how and why the market will take off

Smart Home Adoption CurveBI Intelligence

The US smart home market has yet to take off. Quirky’s recent announcement that it was filing chapter 11 bankruptcy — and selling off its smart home business, Wink — highlights this well.

At its current state, we believe the smart home market is stuck in the ‘chasm’ of the technology adoption curve, in which it is struggling to surpass the early-adopter phase and move to the mass-market phase of adoption.

There are many barriers preventing mass-market smart home adoption: high device prices, limited consumer demand and long device replacement cycles. However, the largest barrier is the technological fragmentation of the smart home ecosystem, in which consumers need multiple networking devices, apps and more to build and run their smart home.

In a new report from BI Intelligence, we analyze current US consumer demand for the smart home and barriers to widespread adoption. We also analyze and determine areas of growth, and ways to overcome barriers.

Here are some key takeaways from the report: 

  • Smart home devices are becoming more prevalent throughout the US. We define a smart home device as any stand-alone object found in the home that is connected to the internet, can be either monitored or controlled from a remote location, and has a noncomputing primary function. Multiple smart home devices within a single home form the basis of a smart home ecosystem.
  • Currently, the US smart home market as a whole is in the “chasm” of the tech adoption curve. The chasm is the crucial stage between the early-adopter phase and the mass-market phase, in which manufacturers need to prove a need for their devices.
  • High prices, coupled with limited consumer demand and long device replacement cycles, are three of the four top barriers preventing the smart home market from moving from the early-adopter stage to the mass-market stage. For example, mass-market consumers will likely wait until their device is broken to replace it. Then they will compare a nonconnected and connected product to see if the benefits make up for the price differential.
  • The largest barrier is technological fragmentation within the connected home ecosystem. Currently, there are many networks, standards, and devices being used to connect the smart home, creating interoperability problems and making it confusing for the consumer to set up and control multiple devices. Until interoperability is solved, consumers will have difficulty choosing smart home devices and systems. 
  • “Closed ecosystems” are the short-term solution to technological fragmentation. Closed ecosystems are composed of devices that are compatible with each other and which can be controlled through a single point. 

In full, the report:

  • Analyzes the demand of US consumers, based off of survey results
  • Forecasts out smart home device growth until 2020
  • Determines the current leaders in the market
  • Explains how the connected home ecosystem works
  • Examines how Apple and Google will play a major role in the development of the smart home
  • Some of the companies mentioned in this report include Apple, Google, Nest, August, ADT, Comcast, AT&T, Time Warner Cable, Lowe’s, and Honeywell.

Interested in getting the full report? Here are two ways to access it:

  1. Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you’ll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally.» Learn More Now
  2. Purchase & download the full report from our research store. » Purchase & Download Now


Business Insider
The US smart home market has been struggling — here's how and why the market will take off
#waterdamage #_waterdamagepro #waterdamagerestoration #flooddamage #moldremediation #_waterdamagepro

The post The US smart home market has been struggling — here's how and why the market will take off appeared first on Residential and Commercial Water Damage Restoration.

Source: Water Damage

200 thoughts on “The US smart home market has been struggling — here's how and why the market will take off”

  1. Do you mind if I quote a few of your posts as long as I provide credit and sources back to your site?
    My blog is in the exact same niche as yours and my
    visitors would really benefit from some of the information you provide here.
    Please let me know if this alright with you. Appreciate it!

  2. Generally I do not read article on blogs,
    but I wish to say that this write-up very forced me to try and
    do so! Your writing style has been surprised me.
    Thank you, very nice article.

  3. Do you mind if I quote a couple of your articles as long as I provide credit and sources
    back to your site? My blog is in the very same niche as yours and my users would really benefit from a lot of the
    information you provide here. Please let me know if this alright with
    you. Appreciate it!

  4. Great blog you have here but I was wondering if you
    knew of any user discussion forums that cover the same topics talked about in this article?
    I’d really love to be a part of community where I can get
    comments from other knowledgeable people that share the same interest.
    If you have any suggestions, please let me know.
    Many thanks!

  5. Hey There. I found your blog using msn. This is a really well written article.
    I’ll make sure to bookmark it and come back to read more of your useful information. Thanks for
    the post. I’ll definitely comeback.

  6. May I simply say what a comfort to discover a person that truly understands what they are talking about
    over the internet. You actually understand how to
    bring an issue to light and make it important. More and more people have to look at this and understand this side of your story.
    I can’t believe you are not more popular given that you surely have the
    gift.

  7. Have you ever considered about including a little bit more than just your articles?
    I mean, what you say is valuable and all. But just imagine if you added
    some great images or videos to give your posts more, “pop”!
    Your content is excellent but with pics and videos, this site could certainly
    be one of the very best in its niche. Fantastic blog!

  8. Hi! I know this is kind of off topic but I was wondering if you knew where I
    could get a captcha plugin for my comment form?
    I’m using the same blog platform as yours and I’m having trouble
    finding one? Thanks a lot!

  9. It’s appropriate time to make a few plans for the longer term and
    it is time to be happy. I have learn this publish and if I may just I wish to counsel you some fascinating
    issues or advice. Maybe you could write next articles regarding this article.

    I desire to read even more things approximately it!

  10. Hey there! This post could not be written any better!
    Reading this post reminds me of my old room mate!

    He always kept chatting about this. I will forward this
    article to him. Pretty sure he will have a good read. Many thanks for
    sharing!

  11. I do not know if it’s just me or if everyone else experiencing problems with your
    site. It seems like some of the written text on your content are running off
    the screen. Can someone else please comment and let me know if this is happening to
    them too? This might be a problem with my web browser because I’ve had this happen before.

    Thanks

  12. We absolutely love your blog and find a lot of your post’s to be precisely what I’m looking for.

    Does one offer guest writers to write content in your case?

    I wouldn’t mind producing a post or elaborating on a number of the subjects you write with regards to here.
    Again, awesome website!

  13. Hello there, I found your web site by means of Google while searching for a related subject,
    your site came up, it looks good. I have bookmarked it in my google
    bookmarks.
    Hello there, just become alert to your weblog through Google,
    and located that it’s really informative. I’m gonna be careful for brussels.

    I’ll be grateful in case you continue this in future.

    Many folks can be benefited from your writing. Cheers!

  14. Pretty nice post. I just stumbled upon your
    weblog and wished to say that I’ve truly enjoyed browsing your blog posts.
    In any case I will be subscribing to your
    feed and I hope you write again very soon!

  15. We’re a group of volunteers and starting a brand new scheme in our community.
    Your web site offered us with valuable information to work on. You’ve done a formidable task and our whole community will probably be grateful
    to you.

  16. Aw, this was a very good post. Spending some time and
    actual effort to create a superb article… but what can I
    say… I put things off a lot and don’t manage to get anything done.

  17. Howdy just wanted to give you a quick heads up.
    The words in your content seem to be running off the screen in Ie.
    I’m not sure if this is a format issue or something to do with browser compatibility but I figured I’d post
    to let you know. The design and style look great though!
    Hope you get the problem solved soon. Thanks

  18. My spouse and I absolutely love your blog and find many of your post’s to be just what I’m looking for.
    Would you offer guest writers to write content to suit your needs?
    I wouldn’t mind composing a post or elaborating on a lot of the
    subjects you write regarding here. Again, awesome web log!

  19. Does your website have a contact page? I’m having trouble locating it but,
    I’d like to send you an e-mail. I’ve got some ideas for your
    blog you might be interested in hearing. Either way, great blog and I look
    forward to seeing it expand over time.

  20. Simply desire to say your article is as astonishing.
    The clarity in your submit is just nice and that i can think you are an expert on this subject.
    Well along with your permission allow me to snatch your
    RSS feed to keep updated with drawing close post. Thank you 1,000,000 and please continue the gratifying work.

  21. I’m not sure where you are getting your information, but good topic.
    I needs to spend some time learning much more or understanding more.
    Thanks for great info I was looking for this information for my
    mission.

  22. Thanks for ones marvelous posting! I certainly enjoyed reading it, you will be a great author.
    I will be sure to bookmark your blog and will come back later in life.
    I want to encourage you continue your great
    writing, have a nice day!

  23. This design is wicked! You certainly know how to keep a reader entertained.

    Between your wit and your videos, I was almost moved to
    start my own blog (well, almost…HaHa!) Wonderful job.
    I really enjoyed what you had to say, and more than that, how
    you presented it. Too cool!

  24. cash loans
    [url=http://centrodeestudiosendocrinos.es/index.php?option=com_k2&view=itemlist&task=user&id=26760 ]short term payday loans online [/url]
    payday loan fees

  25. Hi! I realize this is sort of off-topic but I had to
    ask. Does building a well-established blog like yours require a
    large amount of work? I am brand new to running a blog however I do write in my journal every day.

    I’d like to start a blog so I can easily share my personal experience and thoughts online.
    Please let me know if you have any recommendations
    or tips for new aspiring blog owners. Thankyou!

  26. Excellent read, I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch because I found it for him smile So let me rephrase that.|

  27. Hello there, just became aware of your blog through Google, and found that it is truly informative. I am going to watch out for brussels. I will appreciate if you continue this in future. Lots of people will be benefited from your writing. Cheers!

  28. This is valuable stuff.In my opinion, if all website owners and bloggers developed their content they way you have, the internet will be a lot more useful than ever before.

  29. Its like you read my mind! You seem to know so much
    approximately this, such as you wrote the e book in it or something.
    I believe that you just could do with a few p.c. to power the message house a bit, but instead of that, that is great blog.
    A fantastic read. I will definitely be back.

  30. Nice read, I just passed this onto a colleague who was doing some research on that. And he just bought me lunch as I found it for him smile Therefore let me rephrase that: Thank you for lunch!

  31. Beneficial Blog! I had been simply just debating that there are plenty of screwy results at this issue you now purely replaced my personal belief. Thank you an excellent write-up.

  32. cannabis cbd oil products for kids cbd cannabis oil [url=https://cbdpillsonline.com/]marijuana cbd colorado[/url] cbd cannabis gummies

    cannabidiol cbd oil online to send in europe cannabis cbd oil products for kids cbd pills amazon cannabis oil cannabidiol cbd best price

  33. I just couldn’t leave your website before suggesting that I really enjoyed the usual information an individual supply on your visitors? Is gonna be back often in order to investigate cross-check new posts

  34. Thanks a bunch for sharing this with all people you really recognize what you are talking about! Bookmarked. Kindly also seek advice from my web site =). We can have a link alternate contract between us!

  35. generic cialis to canada
    drugs canada Through having the PCTB exam, one can easily earn his/her pharmacy specialist license. Individuals have 110 mins to finish the test. Three retakes from the test are allowed according to the regards to particular PTCB standards. Passing the PCTB is actually satisfying, as you will certainly get a country wide realized pharmacy expert certification.

    [url=http://canadianhealthmd.com/]how to buy cialis online from canada[/url] On top of that, companies have the tendency to choose drug store technicians that finished the drug store specialist permit verification process. Some companies even check out the PTCB assessments as a strategy from proceeding profession innovation as well as education. Drug store technicians approved by the PTCB might view additional options for promotion and also higher incomes.

  36. I simply wished to say thanks once more. I am not sure the things I would’ve used in the absence of the entire thoughts discussed by you on this industry. It had been a real intimidating issue in my view, however , looking at the very skilled style you solved the issue took me to leap over contentment. I am just happier for this support and then hope you recognize what an amazing job you are doing instructing most people thru your web page. I know that you haven’t met all of us.

  37. I think this is among the so much vital info for me. And i’m happy reading your article. But wanna remark on few common issues, The site style is wonderful, the articles is really excellent : D. Just right job, cheers

  38. Hi, possibly i’m being a little off topic here, but I was browsing your site and it looks stimulating. I’m writing a blog and trying to make it look neat, but everytime I touch it I mess something up. Did you design the blog yourself?

Leave a Reply

Your email address will not be published. Required fields are marked *