Smart Buildings

Has Smart Home Technology Lost Its Way?

Over the last 18-months, due to the ongoing COVID-19 pandemic, commercial buildings have largely been empty and residential buildings have never seen such high occupancy during the day. Unsurprisingly, home improvement has been high on the agenda for people around the world, especially in the affluent developed nations that were hit hard by the virus and subsequent lockdown regulations. This slow, extended, home-based crisis has created the perfect storm for smart home technology to set record growth rates and accelerate the smart home market towards mass-market maturity… at least, you would have thought so. While the logic behind this perfect storm of smart home growth is sound, the reality is that the smart home market has gone distinctly flat in 2021. Despite forecasting a record-breaking year for overall consumer technology sales, the Consumer Technology Association (CTA) expects almost no year-on-year revenue growth in the smart home technology segment. The CTA says its stagnant forecast is merely a function […]

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