Smart Tech News Roundup: April 2019
In this news roundup, we bring you everything you need to know in the world of smart technology, including forecasts for smart home market growth and news that residents in Birmingham and Leeds are most likely, in the UK, to use smart home technology.
Data Shows European Smart Home Market Set To Grow
The European smart home market is expected to grow by $21.8 billion (£16.4 billion) in the six years from 2018 to 2024 when it will become worth an estimated $44 billion (£33.8 billion).
This growth, with an annual CAGR (Compound Annual Growth Rate) rate of 11.58%, is forecasted in data from Research and Markets, the world’s largest market research store.
Research and Markets refer to a smart home as a residence equipped with technology devices which anticipate and respond to the needs of residents to ensure owners’ comfort, convenience, security and entertainment.
Birmingham Residents Own The Most Smart Home Technology
Birmingham residents own the most smart home technology, followed by people living in Leeds, Cornwall, Edinburgh and Country Durham, according to research from online smartphone retailer e2save.
Additionally, two in five respondents said that being able to give voice commands made their lives easier, while 50% thought artificial intelligence (AI) is the future of homes.
The data comes from research assessing how the UK is moving forward technologically.
Another report, from YouGov, revealed 66% of people think technology improves their lives.
UK Smart Homes Set To Increase 59%
By 2022, 59% of homes in the UK will own at least one smart home device, according to a report published by global consultancy firm Ernst and Young.
Its Taking Stock Of the Smart Home report asked 2,500 homes about the impact smart home technology is having, while assessing consumer attitudes towards home technology.
The research found that 30% of households believe they will likely own smart heating, lighting and security services in five years’ time, while 48% would like smart home devices controlled by a central ecosystem.
Dementia Patients To Be Given Smart Technology
It’s predicted that dementia patients will be given smart home technology to help them stay in their own homes, rather than move to care homes, for as long as realistically possible.
According to a story in The Times, smart technology will be used to monitor movement, perhaps remind them if they’ve left the oven on and track their brain waves or gait.
With one in four hospital beds occupied by dementia patients, this could help the strain on hospital admissions across the United Kingdom.
Smart Technology Getting Column Inches
Finally, smart home technology is hitting in the headlines across the world, with the New York Times publishing advice for its readers on how they can create their own smart home.
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