A Home Equippedwith Internet
Connected Devices that Enable the
Remote Management & Monitoring
of Systems Like Lighting & Heating.
6.
A Primary Advantageof a Smart
Home Lies in its Ability to Increase
Energy Efficiency and Minimize
Waste Promoting Environmental
Sustainability and Cost Savings.
Managing Home DevicesUsing One Interface Offers
Convenience and Easy Access to the Desired Functionality.
convenience
From Any Mobile Device Providing Real-Time Check-Ins and
Remote-Control of Home Devices.
REMOTE MONITORING
Allows for Convenient Control of Home Functions Saving Time
and Reducing the Need for Constant Surveillance.
saves time
Features Like Alarm Systems and Security Cameras that can be
Programmed to Send Alerts to Emergency Services.
security
Provides Alerts from Leak and Flood Sensors Ensuring the Home
is Protected from Damages Before they Occur.
Leak detection
GENSECURITY.COM
advantages
smart homes
12.
Smart Devices UtilizeComplex Hardware, Software, and
Wireless Protocols that Can Be Challenging to Configure.
COMPLICATED SETUP
Due to their Communication Networks and Big Data Handling,
Smart Devices are More Susceptible to Cyberattacks.
CYBERATTACKS
The Large Data Volume Collected by Smart Devices and Apps
Could Lead to Privacy and Security Violations.
PRIVACY concern
Smart Devices Require Robust Connectivity. Poor Connectivity
and Network Performance Poses a Barrier to Adoption.
Connectivityissues
Installation of Complex Wiring for Connected Devices may
Require Professional Consultation to Avoid Safety Hazards.
High initial cost
INDUSTRYTAP.COM
challenges
smart homes
MWRF.COM
Energy EfficiencyIncrease.
Water Consumption Decrease.
Indoor Air Quality Improvement.
Waste Decrease.
Access to Consumption Data
Promotes Environmental
Awareness and Responsibility.
Environmentalbenefits
smart homes
16.
FORBES.COM
Monitoring ImprovesWell-
Being of Senior and Disabled
Homeowners.
Health and Quality of Life
Improvement.
Crime Reduction.
Promotes Social Responsibility
by Allowing Consumers to
Control their Energy Use.
Social benefits
smart homes
17.
Government Incentivesand Tax
Breaks.
New Job Opportunities and
Economic Growth.
Productivity Increase.
Savings on Resource and Waste
Management Costs.
Home Value Increase.
ANALYTICSINSIGHT.NET
Economicbenefits
smart homes
19.
Smart Homes Equippedwith Internet
Connected Devices Contribute to the
Sustainable Development Goals by
Improving Living Standards, Increasing
Efficiency, Reducing Carbon Footprint
Enhancing Health and Wellbeing All
which Align with SDGs 7, 9, and 11.
RELX SDG Resource Center
Smart Sustainable Homes
SDGRESOURCES.RELX.COM
20.
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9.7
6.6
4.1
3.6
673M
Expected Number of
SmartHomes
Worldwide.
29%
Expected Smart
Homes Penetration
Rate Worldwide.
$223B
Expected Smart
Home Global Market
Value.
KEY HIGHLIGHTS
SMART HOMES global outlook for 2027
STATISTA.COM
