The futuristic smart homes use a home network to connect all the devices and appliances in the home so that they communicate together within one system. That can include heating, security, home theatre, etc.
Bill Gates spent $100 million building his smart home, for example, with lights that automatically come on when you enter, speakers hidden beneath wallpaper, and rooms that change temperature to accommodate a given user’s preference.
“The increasing need for energy conservation is driving the global smart homes market the most,” said the report.
They also have a growing appeal to the elderly population for their assistance for independent living and safety.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate