The latest advancements in the Internet of Things and wireless sensor technologies have contributed towards creating a fully operational smart home environment. Several technology companies have invested in IoT innovation as researchers explore new ways to transform user experiences with smart home automation.
According to McKinsey, the global IoT market is expected to reach an annual cap of $11.1 trillion by 2025. Interestingly, smart home automation technologies will account for a major part of this growth. Forbes reveals that at least 12-16 percent of household citizens are currently using IoT-based smart home devices in the US. In the coming years, at least two-thirds of the household customers are likely to purchase smart home devices.
At Oodles, we have experienced a substantial rise in the project queries related to IoT and smart home automation. A majority of prospects demand a 360-degree smart home solution or office automation services. Interestingly, in the last quarter of 2019, we received at least a dozen requests for building cross-platform smart home applications.
Let’s explore some new applications of IoT that are likely to drive digital transformation in the field of smart home technology.
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