Business Insider, which seems to be trying to replaces interns with real reporters (a distinction without a difference, probably), looks at the “smart home’ segment and declares a crisis.
There are many barriers preventing mass-market smart home adoption: high device prices, limited consumer demand [emphasis added] and long device replacement cycles. However, the largest barrier is the technological fragmentation of the smart home ecosystem, in which consumers need multiple networking devices, apps and more to build and run their smart home.
There’s not really a technology gap here, so far as I can see, there’s what economists call a “who the fuck wants or cares about it?” problem . Judging from the reaction of my clients, and those of other agents I’ve spoken with, the market for a “home environment” system controllable remotely by the owner, is about as large as that for Question systems; in other words, it’s non-existent. The smart home is an answer to a question that isn’t being asked.
My advice is that, if you are a real wonk about this stuff and have the money to indulge your electronic gadgetry obsession, gofer it, but don’t expect the next owner of your house to pay a penny for it. Like a swimming pool, which adds exactly nothing to the value of most homes, your surround sound/home heating/cooling/burglar alarmed/nanny watcher system won’t win buyers.
And unlike that swimming pool, your electronic gizmos will be obsolete by the time you resell.