According to Business Insider, smart thermostats, smart smoke detectors, and smart temperature sensors are cheap and easy to install. This makes them accessible to buyers of all price points.
Business Insider reported that approximately two-thirds of households that use broadband Internet are interested in a connected-home device bundle from service providers, totaling about 60 million households. Prices will also decline for these products, which will lead to greater interest from consumers.
Devices will likely become more standard in homes across the country as smart home technology becomes more familiar to more people. The cost savings and efficiency of smart home products will also lead to an increase in installation for homeowners.
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