Why smart home will be cheaper than smartphones and tablets by 2020
Smart home devices are expected to cost around $1,000 to $1.50, but that’s less than a year from now, according to research firm Gartner.
While the technology is still being developed, the technology’s rapid adoption has the potential to disrupt the way people interact with their devices, and potentially their livelihoods.
Smart home vendors and smart home manufacturers are expected, too.
Gartner predicts smart home devices will cost less than $1 per month in the 2020s, compared to $10 in 2020.
Gartners forecasts that smart home vendors will make $2 billion in sales by 2020, up from $1 billion in 2020, with a revenue of $6.5 billion.
Gertrude Dennistr, senior director of consumer insights for Garters, said in a statement that smart devices have been the primary platform for the rapid expansion of the tech industry and are expected “to continue to drive significant growth and employment in the coming years.”
The growth in the industry will likely depend on two factors: how the tech advances, and how much companies are willing to invest in new devices.
For example, companies such as Apple, Microsoft, Google, and others are betting heavily on the growth of home automation.
And while some have been making devices that look like home security systems, most manufacturers have not invested in the kind of smart home systems that make them more efficient, more useful, and less costly.
Gannett/BloombergGartners’ new forecasts do not include new products like smart home hubs that allow you to remotely control devices in your home.
But it’s possible the company’s forecasts could change.
Some of the key features Gartters is expecting in the smart home market include remote monitoring, smart locks, home automation, and smart appliances.
Gistrs predicts that a number of smart devices, including thermostats, air conditioners, security cameras, and security alarms, will be in the $1-2,000 range in the next five years.
But these devices will be limited to certain markets.
Gizmodo/GartersGartrs forecasts that consumer appliances, like televisions, will grow at an annualized rate of more than 5 percent by 2020.
This growth is driven by consumer demand for more-efficient and energy-efficient appliances.
But the company notes that this growth is unlikely to match the pace of other consumer technologies.
The biggest growth drivers for consumer appliances are digital media consumption, which will rise by about 1.4 percent a year in 2020 compared to 2020, according Gartrs.