A new study has found that the average household in US and Australia will have around 30 devices connected in just over 3 years time, which is triple of what is being used now. By 2020, the large if the report is to be believe we will see a large number of appliances that are being used every day will be replaced by ‘smart’ versions.
This will include smart waste disposal, light bulbs, heating system, refrigerator and even the locking system of your house doors.
As per the study this adoption of will require approximately $400 Million on products and various services on “Internet of Things” in 2016. The study forecasts that by the year 2020, the IoT market will become a $4 billion industry in Australia alone.
What is Internet of Things (IoT) ?
The Internet of Things (IoT) is a new technology which is changing simple homes into smart homes. ‘Things’ like Ovens, Security Devices, Lighting, Window Control, Thermostat Control, TV Control, Temperature and Humidity Monitoring are some of the devices which are becoming ‘Smart’ with the use of internet and enable the user to access information and communicate.
In simple terms the ‘Internet of Things’ allows you to ‘talk’ to the devices installed in your home and office through Internet with the use of voice, remote controls and apps. The internet enables you to connect with your device without the need of you to manually handle anything.
Given below are some of the devices that will be soon be available in the coming years on IoT.
Smart Energy: Smart heaters and air conditioners – Can be operated through apps and remote locations.
Smart Security: Smart Cameras and alarms – Send you notification when someone enters your property.
Smart lifestyle: Control your home shades, amount of water your plant gets, vacuum cleaner, lawn moving through apps and remotely. Soon you will be asking your fridge on things you need to purchase.
Why IoT is on the rise
There are many reasons because of which we will see a rise in the IoT in the coming years. These include:
- Cheaper Wireless connectivity
- Rise of Cloud storage
- Precise Geo locators
- Rise of crowd funding and easy money availability for startups.