Findings released by analyst firm Parks Associates suggest that US consumers will purchase more than 485 million connected consumer devices in 2021, including smart home, connected health, mobile, and connected entertainment products. By 2022, sales will exceed 520 million units.
“The consumer IoT and smart home industries are approaching the goal of wider consumer adoption, thanks to interest in safety and security use cases and enthusiasm for voice-based control and interfaces,” said Elizabeth Parks, SVP, Parks Associates.
“In many fields AI is still theoretical, with exciting potential for what might happen,” said Alex Capecelatro, CEO, Josh.ai. “In the smart home, however, it’s already here. I am excited to discuss on our panel ways in which we’re already implementing AI to solve problems and make the home a more comfortable space, as well as what’s right around the corner. From predictive analytics to natural and intuitive voice control, the smart home is a field that’s truly getting exciting in 2018.”
“New IoT devices are constantly deployed to connected homes,” said Marcio Avillez, SVP of Business Development, CUJO AI. “Home users do not have much control over them. Most of them do not have any idea what their devices are doing on the network. Even worse: there is no easy way to tell if the device is used for malicious purposes. That’s the reason why home users do not implement appropriate security measures and leave their networks unprotected. It is crucial to give back the control to home users and security to home networks.”
“Connection has to happen with purpose and concede to existing consumer behaviour,” said Lisa Q. Fetterman, Nomiku CEO & Founder.