Analysts Predict Smart Home Slow Down
Eventually someone in the industry will have a head slapping moment when they realize that the personal computer has to become the home computer, or home server. and that smart home devices need to be plug and play.
The future looks a little rocky for the smart home market.
According to a new report by Argus Insights, consumer demand for connected home devices like smart thermostats and door locks has slowed dramatically in the first half of this year. Argus estimates that demand is actually 15% below where it was in May 2014 thanks in part to reliability issues, consumer confusion and the fact that early adopters have already made their initial purchases and have no need to spend more money right now.
“Consumers are not seeing the value yet from these home automation devices,” said John Feland, CEO and founder of Argus Insights. “There is a lot of confusion about standards with Google introducing Brillo and Apple’s new HomeKit. Add in WiFi, Bluetooth, Zigbee and Z-Wave and there is a lot for any consumer to grapple with during installation. Until things become easier and consumers don’t have to cobble together a total solution, I believe we will continue to see this stagnation continuing for the rest or 2015 unless a new offering addresses these issues and revitalizes the market.”