Consumers Remain Open To Smart Home Devices

Demonstrating the potential for continued growth of smart home devices, a survey by business-to-business firm Clutch found that 33 percent of consumers plan on investing in smart home devices over the next three years.

Smart home devices—home appliances and devices equipped with Internet of Things (IoT) technology, such as a smart thermostat or smart security system—allow people to control and monitor their homes remotely. Currently, 53 percent of people own a smart home device.

Clutch, which surveyed 581 people that examined the growing comfort with IoT technology in homes, found that smart home devices are the IoT technology that people are most familiar with, ahead of wearable devices (75 percent) and digital assistants (76 percent). One reason people are familiar with smart home devices, Clutch notes, is “forced adoption,” which occurs because many home devices and appliances are now built with connected capabilities.

The study found that people value the control smart home devices offer, and the peaceofmind and sense of security they provide. Among survey respondents, remote control and monitoring led the list of benefits to owning a smart home device, at 37 percent. The benefits people receive from smart home devices may impact their device purchasing decisions. As an example, Clutch highlights smart security system users benefiting the most from the remote monitoring benefits of smart home devices. Thus, it’s not surprising that smart security systems (50 percent) are the most commonly-owned smart home device, ahead of smart thermostats (48 percent) and smart lights (46 percent).

Respondents list cost (26 percent) as a primary concern in the adoption of smart home devices, ahead of security vulnerability (21 percent). Clutch says that most people, however, recognize that some smart home devices can reduce utility costs in their homes. More than half of people (53 percent) claim that smart home thermostats decrease utility costs. This is double the number of respondents who think smart home thermostats increase utility costs (24 percent).

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