Do you remember the time when switching the lights on/off by clapping your hands used to be so fascinating?
The time when wishing to have a fully automated home was just another fantasy.
Well, once a dream, is now a reality. IoT home automation is slowly but steadily becoming a part of daily lives around the world. According to MarketsandMarkets, the home automation system market is projected to grow from USD 40.8 billion in 2020 to USD 63.2 billion by 2025; at a Compound Annual Growth Rate (CAGR) of 9.1% from 2020 to 2025.
IoT devices made it easier to manage multiple operations, thereby making the concept of smart homes popular with each passing day. It is no wonder that the number of Smart Homes in the market is expected to be 478,2 million in 2025.
IoT and smart homes
Internet of Things (IoT) refers to the transferring and collecting data through different connected and interrelated devices via wireless Internet.
IoT has given birth to numerous inventions, and one such example is smart homes. IoT devices collect data that allows actions to be automatically activated whenever certain situations arise. For example, a smart thermostat automatically adjusting its temperature according to its environment or a kettle automatically turning off when it reaches a certain temperature.
The first generation of smart homes was dependent on remote controls. But with IoT, they are now capable of collecting data on your usage of appliances while learning about your habits and determining consumption patterns using complex algorithms. These insights then help personalize your experience at a granular level and allow you to enjoy everything while doing absolutely nothing.
Applications of IoT in smart homes
Now that you are aware of how smart homes operates, let’s read about some of the most innovative applications of IoT in smart homes:
With the help of IoT devices, a user can adjust and control numerous bathroom appliances, such as the temperature and quantity of the water to be used, and can even give audio commands.
Users can control and adjust lighting features like colors and brightness using their electronic devices such as mobile phones or tablets. These smart lights can also turn on and off themselves using sensors, thereby saving electricity.
Smart homeowners can access the live feed of their houses anywhere and at any time using security apps on their electronic devices. Furthermore, the smart security system locks the door automatically when homeowners step outside their homes, and if someone tries to make a forced entry, security alarms get activated.
Smart thermostats are the new way of living. It automatically adjusts the house temperature according to its environment. Furthermore, It allows users to turn on the heaters or air conditioning on their way home using apps on their mobile phones.
Smart thermostats are also energy efficient as they notify you when your AC or furnace needs any repair before it goes out of your control.
IoT applications play a significant role in the form of sensors to detect various adversities that can occur in your smart home. These sensors help homeowners get notified about gas leakage, fires, water leakage, weather conditions, or even some natural calamity that can affect the house.
Benefits of Internet of Things for smart homes
Cost and energy saving
Smart homes allow owners to optimize their usage and adjust the smart home settings more cost-effectively. The system automatically shuts down the devices which are not in use and reduces power consumption.
IoT technology aims for energy savings and living a greener life.
The smart home security system is a great tool for protecting the property since it provides total control of everything inside and outside of your house. Gadgets like security cameras, smart locks, motion, smoke, and other sensors work together and notify if something goes wrong.
What can be more comfortable than sitting on your couch and operating the whole house by just using a smartphone?
Smart homes aim to simplify tasks and make life comfortable while leaving control in our hands.
The future is near with home automation. Companies like Google, Amazon, and Apple have driven the development of the smart home from conceptual to commonplace. The smart home industry estimates revenue from the appliances to be over $90 million by the end of 2020. That’s an annual growth rate of 16%, which will result in a projected annual market volume of $195 million by the year 2025.
Are you looking for an experienced and skilled software development company to help you leverage IoT in home automation development?
Jellyfish Technologies is amongst the leading IoT service providers that have the perfect blend of skills and experience to help you develop the right IoT products for your enterprise.