Smart homes are slowly becoming an integral part of our daily lives. Have a dream home on your mind? What does it look like? Let me guess, a home that answers all your needs. Wakes you up in the morning at the correct time,  you get to smell the sweet aroma of the coffee, your favorite music plays exactly when needed, the mood of your room changes as per needs and the belongings are taken care of when you are not there.

You read that, right! The internet of things is capable of making all of these valid. It is not science fiction anymore. Moreover, home automation systems are there on the market for quite some time. But, it is because of the internet of things that the probabilities are infinite currently.

Home Automation is expected to expand more in 2020.

Such overpowering figures interest us more, and I am sure that you, too, want to know what IoT has in store. Recently, IoT has already powered a massive range of devices. Some include security systems, refrigerators, thermostats, kettles, dryers, etc.

We observe them almost daily and never realize that IoT has evolved so many things for us and made our daily lives much easier. It has modified our lifestyles for good. Siri and Alexa are the best examples. You can get them to do anything on your device while yourself being busy with something else.

Smart home automation is expected to become the future of our lives. It is said that IoT will become systematic and clear. It will work wonders. An application is expected to control varied home and kitchen appliances. Can’t wait, isn’t it?

You will no longer have to control tasks manually. AI will take care of all such tasks. These devices are planned in such a way that they will respond as per the preferences of its user.

Automated Homes and Internet of Things

Smart homes have devices connected that make our lives a lot easier. Such products are convenient to use and offer great comfort.

Have you ever imagined a situation where you are cooking and, at the same time, want to know the big news stories of the day? You can simply ask Alexa, the famous Amazon Echo, to read the biggest news stories so that you can focus more on chopping the vegetables.

IoT has bought in endless opportunities, and it is capable of making any automation possible. You think of it, and phew, it’s done in just a few days’ time. IoT makes us believe that home automation is the surge of the future.

IDC researched​ ​ ​that the requirement for smart homes will experience a great hike over the forecasted period. It is expected to get doubled and reach more than $63 billion by 2020.

The demand for IoT driven devices is also foreseen to rise and ​reach a market cap of about $195 billion​ by 2023. It was only $16 billion in 2016. The rise is huge.​

Well, so that you know that we have just shared a few possibilities proposed. IoT technology will bring a pool of such opportunities in the future. We know you are excited to catch a glimpse of what it holds, and so are we. Till then, stay tuned to discern the endless opportunities presented.

Bottom line

The IoT industry continues to grow at a great pace. It is proving itself as a transformative force across every organization. It brings in an opportunity to connect all modern-day devices with the internet and reap great results. IoT is growing at a great pace, and we foresee that it will reach over $3 trillion by 2026. It will keep your homes secure and easily accessible. Moreover, consumers may face a hit in their wallets at first since smart home devices are typically expensive. Considering it as a one-time investment, you will save a bunch in the long run.

Author Bio

This is Sharon Winget, Staff Writer with ​GoodFirms​, a review and rating platform of top IT companies & software. A tech geek at heart, I firmly believe technology can transform societies. I enjoy blogging about web design, email marketing, and content marketing.