What Barriers Exist When Creating Our Fully Connected Smart Home?
Studies tell us that there are four key obstacles standing the way of mass adoption of smart homes. With most smart homes costing a pretty penny, consumers cannot always afford it.
To mitigate the overall costs associated with the smart home, consumers need flexible financing solutions, including equipment installment plans and leasing options, to enable them to build and support the smart home of their dreams.
While your house and your surroundings are becoming more intelligent, your privacy and security are being compromised. Almost half of the respondents indicated that they are not likely to purchase smart devices because of privacy concerns.
Issues with compatibility is another major barrier. As much as 75% of consumers look for interoperability as a factor while buying a smart device. With multiple companies dominating the market, it is a difficult task to get devices from different manufacturers to work together seamlessly.
The companies in the IoT industry need to come up with a way to increase the adoption of smart homes and calm the fear and concern of their consumers if our smart home dream is to be realized.
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