The internet-of-things (IoT) and smart home nexus are driving tech-titans such as Microsoft, Google, and Apple into the emerging home automation sector. These conglomerates bring a strong brand, a large customer base, and marketing muscle into a sector on the cusp of rapid adoption.
In this brief report, we analyze the convergence of the connected home, the smart grid, mobile energy management, and energy efficiency. Combined, these technologies form the IoT – Smart Home Nexus.
- As of May 2014, U.S. households had 610 million internet connected devices. By the end of 2014 and 2015, this figure is projected to increase from 650 million to 748 million.
- As of May 2014, a total of 100 million U.S. adults use some type of personal cloud service. By the end of 2014 and 2015, this figure is projected to increase from 110 million to 138 million.
- From 2014 to 2015, consumers are projected to spend $5.2 billion and $6.3 billion, respectively, on energy efficient products and services
- From 2014 to 2015, consumers are projected to spend $4.7 billion and $6.0 billion, respectively, on smart home systems, devices, and software.
About Zpryme & Smart Grid Insights
Founded in 2005 and proudly based in the new “energy intersection” of the world (Austin, Texas), Zpryme is a research-based firm with services focused on energy and the smart grid. Based on the creative direction of our associates Zpryme’s publication, Smart Grid Insights, produces influential research that challenges the status quo and marketing solutions to generate fully-immersive brand experiences, from the web to face-to-face environments. The Smart Grid Insights website strives to even the playing field by giving companies big and small authoritative and actionable insight to succeed in the energy ecosystem. To learn more about Zpryme and Smart Grid Insights; start here: www.smartgridinsights.com.