Home Automation Tech is Transforming the Modern Home

While home automation technology has been around for several decades in luxury dwellings, the industry has lagged due to complex installations and high prices. But with the increasing prevalence of smartphones and tablets, smart home tech is becoming easier to use and dramatically more affordable.

Nest ThermostatMorgan Brennan of Forbes Magazine points to a projected $14.1 billion growth in worldwide revenues in the home automation industry by 2018, an 11.5% increase over 2012.

While many well-recognized players are entering the home automation business such as Comcast, Time Warner, DirecTV, Verizon, and AT&T, newer companies are developing software that makes them all play together nicely. “Before the end of this year you will be able to go into a mass market retailer, buy hardware from big name companies, and access the software that makes all those devices work together,” says Mike Harris of Zonoff, a Pennsylvania-based company that provides connectivity software for automation products to work together in a home.

House Of The Future: How Automation Tech Is Transforming The Home | Forbes Magazine

 

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