The Smart Home Market at a Glance™
There is no denying the smart home revolution is upon us. From thermostats to door locks, connected devices are enabling consumers to improve their quality and convenience of life at home. And with the smart home market expected to reach $32.2 billion by 2021, this demand shows no signs of slowing down.
Millennials look to be a powerful force behind this market, 85% of whom say they are likely to add smart home technology to their home (most planning to do so within the next year). Millennials specifically indicated they look for smart tech to make their home “convenient for daily tasks”.
With a variety of informative widgets, the Glance mirror does just that, all without interrupting the flow of one’s day. For example, Glance consolidates all of your most pertinent information—whether it be your calendar, commute, the weather, or your favorite team’s next game—so you’re effortlessly prepared for what lies ahead.
Generation X’ers and Baby Boomers follow closely behind millennials in the survey, with 73% and 67% interested in purchasing smart home tech, respectively. Furthermore, these groups look to smart products for creating “a healthy environment” and “adding value” to their home.
With the ability to relay data from wearables and other devices, Glance allows users to be more consistently informed on their health. And when it comes to adding property value, one must consider that 46 percent of consumers deem smart home technology important for their current and future residences: “We look for amenities that will give us an edge in the marketplace,” says Dominic Adducci, Principal and Co-Director of Development and Construction at The John Buck Company. “We see Glance as that differentiator.”
Image Scripps Networks Interactive, the leader in lifestyle media, surveyed 700 U.S. homeowners of all ages. (Photo: Business Wire)
The smart home market is clearly on a rapid upswing, with software such as Amazon Alexa and Apple HomeKit becoming more and more integrated into our everyday appliances and devices. Glance is excited to be on the forefront of this movement alongside and integrating with such products.