Smart Home Industry Gross Profit Is Expected To Reach An All-Time High
Smart Technology is being integrated into almost every appliance, wearable, and home improvement product that rolls out on the market. Smart Technology creates a gateway from these devices to the Internet, giving users remote control capabilities. Home Automation devices, along with drones and wearable fitness gadgets are increasing in popularity at a rapid pace.
For instance, take a look at the Amazon Echo, which has reached record sales of over 3 million. There truly is no end to the possibilities of the Internet of Things and many consumers are choosing to take full advantage of these opportunities. Financial analysts are predicting that the Smart Technology industry gross profit will soar to $286.6 million, just in the United States, by the end of the physical year.
This is good news for the top consumer IoT companies such as August, Nokia, Nest, Amazon, Philips Hue, Apple, Kwikset, and Schlage Control. If you are interested in becoming a member of the IoT consumer family, you should begin by researching these companies and their intuitive products.