The new-age smart home technology has significantly improved the living standards of millions of people worldwide. The advent of household IoT devices like Alexa, Google Home, and Apple Homepod have enabled users to control their smart home accessories with ease. According to Zion Market Research, the global smart home market is expected to reach $53.45 bln in 2022. Zion predicts a compound annual growth rate (CAGR) of 14.5% between 2017 and 2022. The numbers are huge, considering the fact that the smart home market was valued at $24.10 billion in 2016.
The aforementioned statistics indicate that 2020 is going to be the year of innovation in IoT and home automation. Below are the five technology trends in home automation and IoT app development that are going to dominate 2020.
Multifunctional Smart Display
Smart displays and touch panels enable users to monitor performance, efficiency, and energy consumption of their home appliances. The modern-day smart displays come with advanced features such as voice-control and support for virtual assistants. The growing popularity of IoT-based equipment indicate that more users are going to be a part of this connected ecosystem in 2020.
Besides, the AI features and auto-learning capabilities of these devices will provide personalized experiences to users. We are also going to witness new advances and technology integrations that will augment the features and capabilities of these devices.
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The use of IoT devices is rapidly increasing in business workstations to efficiently handle internal processes and improve productivity. There are several reasons why an increasing number of businesses are investing in office automation solutions and IoT application development.
Office automation solutions enable businesses to significantly reduce their average daily power consumption and cut down unnecessary costs through predictive maintenance. Furthermore, it enables businesses to create an ideal workplace environment through a variety of features like temperature control and automated lighting. They use temperature sensors to automatically adjust room temperature in accordance to the climate outside.
Automation devices such as digital locks, sensor cameras, and video doorbells are being used by a large number of businesses worldwide. These devices collectively enable businesses to create an automated workforce environment to centrally manage all types of business activities.
If we go by the current trend, we are going to see an exponential growth in adoption of IoT and automation equipment in the coming year too.
Fitness and Healthcare
Maintaining an active workout regime is essential to stay fit and lead a healthy life with a positive mindset. That being said, cultivating a routine workout regime might not be easy for those who have work commitments. As of today, there is an increasing number of fitness bands and healthcare devices that enable users to monitor their sleep cycle, body movements, blood pressure, heart-rate, and nutritional intake. In 2020, smart wellness and fitness tracking devices are going to be more advanced with new technological integrations.
Artificial Intelligence and Internet of Things (IoT) are going to play a critical role in augmenting the existing capabilities of these devices. Predictive features of AI will enable users to cultivate healthy habits and monitor real-time health data to detect early signs of illness. According to Digital Journal, the global smart wellness market is expected to reach $520 billion by 2023 at a CAGR of 24.5%.
Smart Bedroom and Furniture
A good night’s sleep is essential to perform day-to-day activities and remain active throughout the day. As of today, smart home software solutions are enabling users to improve the quality of sleep by creating a calm bedroom environment. Smart home devices enable users to monitor their sleep patterns and automatically adjust room temperature in accordance to climatic conditions outside. Several sleep tracking applications are compatible with IoT devices and smart home equipment such as smart mattresses. These apps monitor sleep duration and provide voice alerts that enable users to cultivate good sleeping habits.