Why a typical family home will have 500 smart devices by 2022?

A typical family home is changing and it is changing for the better thanks to machine 2 machine (M2M) and Internet of Things (IoT) deployment in home.

M2M and IoT is planning to make our homes smarter thanks to Internet and wireless technology. Wireless is the key foundation for any smart home concept as most of the device will be connected wirelessly but no single technology will dominate. Gartner expects Wi-Fi, Bluetooth, ZigBee, cellular and various proprietary and mesh networking wireless technologies will find a place in smart home concept.

Since we will have a spectrum of smart devices, smart homes will also require a range of gateways and adapters to bridge different devices and to connect different standards and protocols. AsĀ  domestic wireless smart devices will be portable, the devices will be dependent on battery manufacturers as well as developers of power supply and storage technologies such as wireless charging.

The falling cost of adding sensing and communications to consumer products will mean that a typical family home, in a mature affluent market, could contain around 500 smart devices by 2022, according to Gartner.

The number of smart devices in an average home will grow as many devices will get replaced in the next decade. The replacement device will be a smart device in a family home such as vacuum cleaners, water filters, utility meters, irons, dish washers, consoles, TVs, cookers, washing machines, cars, bicycles, security controls, environmental controls, lockers, fans, A/Cs, lightning equipment, healthcare equipment, fitness equipment and others. The industry will also see emergence of new smart devices with the progress of technology.

“More sophisticated devices will include both sensing and remote control functions. Price will seldom be an inhibitor because the cost of the Internet of Things (IoT) enabling a consumer ‘thing’ will approach $1 in the long term,” says Nick Jones, vice president and distinguished analyst, Gartner.

Although a mature smart home won’t exist until the 2020 to 2025 time frame, smart domestic products are already being manufactured and the first digital business opportunities have already emerged and this momentum will increase with the passage of time.

The smart home concept provides many business opportunities but it also provides many challenges. First, the smart home devices should be simple to use so that it can be used by everybody at home- young and old. Second, lack of interoperability and standards may also hinder adoption of smart devices. Third, there is lot of concern about data usage, security and privacy which needs to be addressed by the industry.

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