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May 2017   Volume 43, Number 5      
 

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Survey Shows Smart Home Devices Still in Early Adopter Phase

People who own “smart homes” are officially ahead of the curve, according to a new survey of almost 10,000 homeowners in Australia, the U.S. and the U.K. by Gartner Inc., a technology analyst firm. The survey found that smart home technologies are still in the early adopter phase worldwide.

Currently, only around ten percent of homes in these countries have connected home solutions. The most popular connected home solutions are security alarm systems, which have an adoption rate of 18 percent in new homes.

Other devices and systems gaining popularity include:

  • home monitoring systems (11 percent adoption rate),
  • health and wellness management (11 percent),
  • home automation (9 percent),
  • energy management (9 percent).

For the U.S., adoption rates are around five to six percent higher.

“If they are to successfully widen the appeal of the connected home, providers will need to identify what will really motivate current users to inspire additional purchases,” said Amanda Sabia, principal research analyst at Gartner.

Jessica Ekholm, research director at Gartner, recommends that smart home manufacturers focus on the real value proposition of connected homes, rather than their novelty appeal.

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In this issue:

12 Surprising Facts about Millennial Homebuyers

Cities Where Over 50 Percent of Millennials Own Homes

Citigroup to Exit Mortgage Servicing Business by 2018

House Flipping Frenzy Returns to U.S. Real Estate

Mortgage Volume Increases by 3.3 Percent as Borrowers Rush to Beat Rising Rates

Survey Shows Smart Home Devices Still in Early Adopter Phase

U.S. Home Prices Hit a 2.5-Year High

Wall Street Eyes Shopping Malls as Next U.S. Credit Crisis

Northeast Has Most New Home Starts

Landscaping Tips to Improve Curb Appeal


 


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