Smart home consumer demand “stagnating”, says report

Smart Home World

Smart Home World

A new report by Argus Insights suggests that the home automation sector is quickly losing the momentum it gained in 2014, primarily because consumers are unsure as to what products they want or need while first adopters have already made their purchases.

Data show that as of May 2015 consumer demand for connected home devices such as thermostats, lightbulbs, locks, sensors and cameras experienced its first drop below the level of a year ago, a sign that consumer interest is stagnating.

“Based on our review of consumer interest, the state of home automation in 2015 is not looking good for anyone who sells or makes these devices,” comments John Feland, CEO and founder, Argus Insights.

Meanwhile, the question concerning how consumers should be motivated and engaged in smart home innovation is expected to dominate next week’s Smart Home World (23 – 24 June 2015 Royal Garden Hotel, London), with confirmed speakers including Cisco, Intel, British Gas, Telefonica and many more.

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