"Smart Home" and "home automation" are terms that stand for innovative technology developments, allowing various household appliances to be networked with one another. This means that multiple devices can be controlled using smartphones, tablets, smartwatches, or laptops. Such developments also have a positive effect on the environment, as more efficient energy use can be achieved. In addition, smart home solutions also create a positive sense of security, as one's own four walls can be monitored even when one is not at home. The fact is that "the intelligent home" is the future – which is precisely why many investors are investing, for example via "," in companies that design and offer such solutions. Among the most promising public limited companies are "Sierra Wireless", "Somfy", "Gemalto", "Osram", and "Philips".CMC MarketsWill smart home solutions become a mass phenomenon?
The figures show that the momentum has increased extremely since 2011. For a few years now, these products have been generating billions in revenue. Experts agree that revenues could increase by 20 percent annually. The "German Electrical and Digital Industry Association" (ZVEI) is also certain that intelligent household appliances could generate sales of 19 billion euros in the coming years – on the German market alone. The reasons for the enormous growth spurt? It is not just wealthy property owners who enjoy these products – prices have already been adjusted downwards so that "ordinary citizens" can also afford such systems. Furthermore, interest is also rising: around three-quarters of internet users are interested in smart home technologies, with two-thirds even of the opinion that smart home technologies could become a mass phenomenon. This is also due to the many advantages: on the one hand, energy can be saved, and on the other hand, such technologies also provide an improved sense of security – even older people are interested in such solutions because they believe that the new technologies make everyday life easier.
When will the breakthrough happen?
However, it will probably take some time before the technology industry produces products for the masses. Even though there are already some smart home solutions today, they are predominantly so-called isolated solutions – meaning that you need specific devices to be able to enjoy the benefits. Currently, only a few device manufacturers have teamed up with technology corporations or energy giants, so that the
heating systems, for example, become remote-controlled energy savers. In addition, there are still no uniform standards or uniform control devices. However, these very standards are necessary if smart home technology is to prevail. It therefore remains exciting to see whether the industry will achieve a breakthrough. It also remains exciting for investors who want to invest or have already invested in companies that offer smart home solutions. on Investing in smart home solutions: These are the most promising stocks
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