Submitted on 07/30/14, 06:15 AM
| Click Here for the full article: Forbes
Here's Why The Do-It-Yourself Smart Home Market Will Reach $7.8 Billion By 2019
According to our latest report published today at NextMarket Insights, the DIY smart home is expected to grow in the US from $1.3 billion today to $7.8 billion by 2019, an annual growth rate of over 43%.
The bigger question, however, might be why consumers are willing to become their own smart home IT managers, when just a few years ago home automation and smart home networks often meant a professional installer.
That’s because nowadays that barriers around price and ease-of-use have dropped dramatically. Instead of complex proprietary software and controllers, today most of these devices require no more than a iPhone or Android device and an Internet connection. Some, like locks, may require a couple turns of a screwdriver, but installation is within the capabilities of most.
And chances are, things will get even easier. Apple, Google, Qualcomm and other are all busy creating industry initiatives around software frameworks and protocols that will do some behind-the-scenes heavy lifting to make devices talk together and generally work more seamlessly. Apple’s HomeKit, for example, will turn your iPhone into a central controller for many of these smart products, and likely remove the need to manage a bundle of different apps as your device collection grows.
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