Four reasons why smart home tech retail is booming

Smart home technology has become more and more popular over the past couple of years. Some homeowners opt for a single device or, in some instances, an entire network.

In the last two years in particular, three in every four people purchased a smart home device. The highest in-demand devices bought by Americans include smart TVs, smart speakers or displays, smart doorbell and smart plugs.

In addition, many surveys have shown that smart technology has become a priority for renovating homeowners. It’s easy to see that this industry is currently growing, so here’s what you need to know about smart home technology.

Major reasons why smart home tech retail is growing

Devices are easy and enable interconnectivity

Smart home tech enables the linking of various connected devices from lighting and speakers, to smart security systems in order to boost your home’s productivity.

Furthermore, integrating smart home systems and products is a practical, yet simple way to supervise a vast array of house bound systems.

This type of interconnectivity allows you to remotely manage and supervise thermostats, program indoor and outdoor lights, review surveillance camera footage and do many other tasks without even having to be in your home at all. 

Smart home tech can keep you safe

One of the biggest reasons why a vast majority of homeowners opt for smart home tech is the added safety. With the help of these devices, you’ll be able to easily observe issues like water leaks or if someone broke into the house.

Moreover, people can nowadays rely on their mobile phones to check on their houses from practically anywhere and simultaneously connect their apps to emergency services. Another huge benefit for parents is the fact that they can even check what TVs shows their children are watching.

Additionally, with a smart security system, you'll be able to potentially prevent break-ins, which can be extremely costly when it comes to paying for replacement doors and windows or any other type of damage that was caused by thieves.

In a nutshell, you have a lot more control over house security, meaning you’ll no longer need to ask your neighbors to watch over your home while you’re away. 

Let’s not forget energy savings

Another reason why this industry has become insanely popular is due to the fact that with the help of these devices, homeowners are able to reduce energy bills. One of the best examples of energy efficiency and cost savings is the smart thermostat.

Namely, this device ensures that your household is at a comfortable temperature throughout the day and, more importantly, helps you save on energy costs by avoiding hefty bills during hot weather and cold winters.

And then there’s smart lighting systems that enable you to create a lovely atmosphere without using traditional wall switches. Smart lighting consists of LED bulbs that come with software to connect you to a smart home assistant or an app in order to automate your lights, or simply control them remotely.  

Health and wellness tracking

This is particularly important for people with an elderly relative or parent that they can’t check on regularly because they live separately. Luckily, now with the assistance of these devices, people are able to keep their homes and family safer in any case of emergency.

In terms of these kinds of health safety devices, the market offers wellness cameras which facilitate real-time, two-way video and audio communication.

These can also be merged with Alarm.com Wellness Personal Emergency Response Pendants and wristbands for additional protection. This way, you can keep an eye on your loved ones and rest assured that they are doing just fine.

With home ownership growing across the world (particularly in Romania, Slovakia and Croatia, according to this study by CompareTheMarket.com.au – home loans), you can assume that a large portion of homeowners will have such devices in place.

If there’s one thing that can be concluded based on these facts is that this industry is definitely among the most popular and fastgrowing ones, as it simplifies and enhances life in many ways.