A Wiser approach to smart homes
Before turning in for the night at home, do you lock the doors, adjust the thermostat, and shut off the lights? Or do you ask your smart home to take care of everything for you? If it’s the latter, you’re part of a revolution that is changing the way people live around the globe. The worldwide installed base for smart home devices is expected to reach 286 million residences by 2022, with a Compound Annual Growth Rate of 29 percent during the forecast period. Germany, Britain, and France expect a combined growth of 24 percent in the same timeframe . And according to one report, Asia Pacific will account for approximately 30 percent of smart homes by 2030 and “could come to dominate the global market .” So what exactly is a smart home? A residence where technology allows users to control their home’s devices via a smart phone or Internet connection from anywhere in the world at any time. With the data gathered by these interoperable devices, users can increase their home’s safety, com...