Report: 27% Of US Homeowners Have Purchased An IoT Device
Approximately 27 percent of all homeowners in the United States have already purchased at least one Internet of Things (IoT) device, a recent study conducted by home automation firm Wink found, as reported by ReadWrite. The company’s latest Smart Home Index report suggests that the adoption of IoT products and services in the country is on the rise, though it also indicates that many consumers are still reluctant to start committing money to this emerging segment as the initial costs of deploying a smart home system remain relatively high.
More than two-thirds of consumers are interested in the prospect of a smart home system as they’ve revealed a degree of interest in being able to monitor their homes remotely, the study found, noting that increased home security is one of the main reasons why consumers in the country are considering the idea of acquiring a smart home system. While the technology for automating homes is already widely available on the market, the costs of doing so are still rather steep, which is why many consumers still haven’t started investing into IoT products and services, with more than one-third of interviewees saying they’d initially have to commit $5,000 to implement a smart home system. Furthermore, almost every tenth interviewee said a smart home system would cost them $20,000 or more. Read more…