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Report says spending on automated home devices to hit $75bn by 2025

A Globaldata latest report has disclosed that spending on automated home devices will hit $75bn by 2025, up from $23bn in 2018 globally. The report titled   Thematic Research: Automated Home', noted that much of that growth will be driven by two types of devices: smart thermostats, which are becoming increasingly common as consumers and governments […]


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A Globaldata latest report has disclosed that spending on automated home devices will hit $75bn by 2025, up from $23bn in 2018 globally.





The report titled   Thematic
Research: Automated Home', noted that much of that growth will be driven by two
types of devices: smart thermostats, which are becoming increasingly common as
consumers and governments alike look to control energy consumption; and smart
speakers, relatively recent entrants to the market.





According to Ed
Thomas, Principal Analyst for GlobalData's Technology Thematic Research, the
advent of smart speakers has had a significant impact across the automated
home, as they have enabled simple, voice-activated control of all types of
smart devices and, thanks to their relatively low price point, offered an ideal
entry point for customers that are curious about home automation. Their success
has also turned the home into another front in the ongoing war between the
giants of the technology industry, including Amazon, Google, Apple, Alibaba,
and Samsung.  





In this category, GlobalData
notes that the Chinese market represents a significant opportunity, with
Alibaba, Baidu, and Xiaomi the leading vendors.   Samsung is falling behind in
this theme    its smart speaker has yet to hit shelves despite being announced
in 2018 and the company lacks a unified approach to the automated home of the
kind that Google now has following its decision to embrace Nest as its
automated home brand. Specialist automated home device vendors, such as Ecobee,
will increasingly struggle to compete with the tech giants and will either be
acquired or forced out of business,   Thomas added.


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Source: Report says spending on automated home devices to hit $75bn by 2025,Here On Furious Forum