The Future of Consumer Smart Home Tech Buying in 2022 and Beyond

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9 • 112 Ratings

🗓️ 30 November 2022

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Buzz 1: Smart home is a massive market, growing at 25.3% per year [Mordor Intelligence], expected to hit $314Bn a year by 2026.… Apple’s Home app, Google’s Nest, Google’s Home app, Airthinx for air quality monitors, myQ for smart garage doors, Asmart bed app, Dyson app, Wemo app, Nanoleaf, Govee Home app. [forbes.com] Buzz 2: Safewise surveyed 1,000 Americans 18 and older about tech spending habits. Between May 2021–May 2022, three in four bought a smart home device. 65% purchased cameras or locks, comprising 28% of all smart home tech purchases. Despite inflation, 70+% of home tech spending increased or stayed the same as previous years. [safewise.com] Buzz 3: Security.org’s research found 7 in 10 homebuyers are looking for a smart home, with 78% willing to pay more for a home with smart devices – millennials more than older generations. A majority of homeowners use smart devices for convenience and time savings, followed by safety and security. Two in 3 Americans – twice as many women as men – desired a smart home security-related device more due to past 12 months' events. [security.org] We’ll ask Bill Pugh at Smart Connections Consulting, Mary Nitschke at RealPage Smart Building, Leonard Lee at neXt Curve and Lee Miller at RealPage for their take on The Future of Consumer Smart Home Tech Trends 2022 and Beyond.

Transcript

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0:00.0	Where does yesterday's future, which is already here, really here,
0:07.0	meet today's future, which is about to happen, and tomorrow's future, which could be just minutes away?
0:16.0	Welcome to Technology Revolution, the future of now.
0:21.3	Where host Bonnie D. Graham asks savvy futurists for their predictions about the tech-driven
0:27.2	trends that are shaping our future right now.
0:30.6	Here's your host who will take us into the future of now.
0:34.5	Bonnie D. Graham.
0:35.8	Thank you, the voice of Ryan Treasure for that intro.
0:38.2	I miss you, Ryan.
0:39.0	Come back.
0:39.6	Listen, I never remember whether I said the future is this way or that way, so I'm just
0:43.2	going to do this.
0:44.1	We're talking about the future of now.
0:46.1	We are in holiday season.
0:47.5	This is my last regular show of the year, but starting next week, I begin seven weeks
0:53.1	of my crystal ball prediction show with 10 guests a week
0:57.9	for six weeks talking about what's coming up or down the pike in their area of expertise
1:02.6	for industry, for communities, for businesses, for people around the world.
1:07.4	So get ready for starting on December 7th.
1:09.8	So today, I'm in the holiday mood and a lot of
1:12.6	people are shopping. I know we have inflation here in the U.S. We're not getting political. We're not
1:16.8	getting monetary. But people want to buy fun stuff. They want to buy helpful stuff. They want to
	...

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