Smart Home – Consumers’ Attitude Towards Smart Connected Home Technology

  • The future of smart home

Today, smart Internet and content family packages have become the main pillars of digital homes. A new wave of products has emerged. Smart home services have penetrated into entertainment, utility services and household appliances to make home life more vibrant.

Families are also increasingly happy to embrace the new convenience, controllability and efficiency that these products advocate. About half of the UK’s households recognize the functions and advantages of these products, and consumers are already well aware of the cost savings potential of smart home devices.

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  • Smart utilities and security: the most market adoption prospects

While eye-catching lifestyle products (from smart speakers and smart watches to digital home assistants) are currently the best product categories, the long-term growth prospects for a range of relatively useful features are the most promising.

More than 30% of households believe that they will likely purchase smart heating equipment, smart lighting and smart security services in the next five years, and the market adoption rate will match or even exceed the most used smart products and services.

  • High price and practical problems create resistance

Although the smart home market adoption prospects are promising, there are still a number of factors that may affect consumer acceptance. Price is one of the main considerations: less than one-fifth of consumers believe that the price of smart home products is reasonable.

Interestingly, 42% of respondents are ambiguous about smart home pricing, which shows that service providers still have a lot of room to increase their value proposition.

However, consumers are paying more attention to more practical considerations that may limit the attractiveness of new technologies to families. Installing new hardware is already a problem for many homes, not to mention the security and integrity of smart home devices.

  • Smart home supplier ecosystem becomes the focus

As families benefit from an increasingly rich range of smart home products, many service providers are looking to bring more convenience by providing a home smart connected device ecosystem.

These methods are designed to provide a seamless experience for a variety of use cases and increase customer loyalty. The good news for providers is that a large number of families welcome this idea, but one-stop services may not be suitable for all families.

Consumers have different preferences for ideal smart home providers. Importantly, there are currently no particular preferred providers, and broadband providers, utility companies, home appliance manufacturers, and various technology providers are all mentioned. However, the most unpopular providers are obvious, including mobile operators, application development companies and social media platforms.

  • Design to win a successful journey for smart home customers

The opportunities associated with smart homes are diverse, which means that value propositions must be fluid and evolving. In order to ensure that consumer awareness can evolve into action and ultimately achieve customer loyalty, service providers need to be patient.

We believe that service providers can take a number of steps to enhance their smart home products and support their customer journey.

 

Article URL: https://www.wannabetter.com/smart-home-consumers-attitude-towards-smart-connected-home-technology/

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