The uses of smart technologies are growing. Today, 7 in 10 American households own a smart home device. The most common types are for entertainment (smart speakers/TVs), followed by security and usage monitors. Of those that own smart home devices, 51% definitely want to buy another.
Why are smart home devices gaining popularity? The most commonly cited value they bring is convenience. Gen Z and Millennials especially like the convenience such devices bring to their homes. Smart tech can also be cost effective; smart thermostats can cut HVAC costs by 10% each year. A smart home is also more secure against physical break ins. Just make sure to invest in cybersecurity alongside physical safety.
There are smart devices on the market for every home in the house. The most common place to see smart devices is the living room, though that zone could expand. Expect more in the future.
