Key Trends Driving the Adoption of the Connected Home

The S1 has some good data and reasons behind the key trends of what is driving adoption for the connected home.

From their S1:

“The intersection of the following significant technology trends is driving mass adoption of connected home solutions.

• The Mobile Era. The proliferation of smartphones, wearables and tablets has transformed the way people interact with applications and content in both their personal and professional lives, and consumers are increasingly demanding a similarly efficient and convenient mobile experience to monitor and control their homes and businesses.

• The Internet of Things. There has been significant growth in the number of connected devices. According to Gartner reports dated January 2015 and March 2014, the Internet of Things is forecast to reach 25 billion installed units by 2020, up from 0.9 billion in 2009. This trend includes “things” in consumers’ homes and businesses such as security systems, thermostats, door locks, video cameras, lights, garage doors, water heaters and appliances. The ability to remotely manage, monitor and control these devices using cloud-based applications and wireless technology is creating a large and fast growing market.

• Big Data and Analytics Capabilities. According to an IDC report dated April 2014, the volume of digital information created and replicated worldwide will grow approximately 39% annually from 4.4 trillion gigabytes in 2013 to 44 trillion gigabytes in 2020. As the network of physical objects accessed through the Internet continues to grow, there is an opportunity to harvest and analyze the data that these devices generate. We believe a platform solution is best positioned to collect, process and analyze this previously unused data to provide insights. These insights can transform the way consumers interact with their homes and businesses through real-time, adaptive and predictive analytics.

• Cloud Infrastructure. Advances in cloud technologies have enabled efficient scale, making it possible to deliver home security and automation software as a service to the mass market. This has made it possible for consumers to afford such services without the requirement of expensive and quickly outdated physical hardware to be purchased and set up on location.

What Consumers Want

Consumers increasingly are seeking a connected home solution as a way to make their lives more convenient, efficient and secure. They expect:

• Persistent Awareness and Control. Persistent awareness and control of everything that is happening inside and around their homes through one simple, easy-to-use mobile app on the device of their choice.

• Unified Experience. A platform that seamlessly works with a broad range of connected devices that will enable those devices to integrate with each other to create a unified connected home experience that is also affordable and easy to acquire.”

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