The Australian market for connected home devices is forecast to grow 11 times in the next four years to be US$3.2 billion in 2019, according to technology analyst company Telsyte.
New research by the Sydney-based advisory firm predicted that by 2019, the average household will contain 24 internet-connected devices, compared to an average of nine in 2015.
According to the Australian Financial Review, the market will be boosted by connected home devices such as smart fridges, smart home security systems, and home sensor driven smart energy systems.
Connected home driving the Internet of Things
Telsyte added that tech giant Samsung has expressed its commitment to connect 90% of its new products to the internet by 2017 and all of them by 2020. The research company added that this was an indication that “even non-tech savvy consumers would become more connected by default”.
Non-traditional device manufacturers such as IKEA, one of the world’s largest furniture retail companies, are starting to unveil their internet of things plans.
Teslyte analyst Steven Noble said: “Until recently, a smart home automation system could be quite complex to design, install and use. However, the new generation of [connected home devices] and services have emphasised simplicity.
“For example, Google’s smart thermostat, the Nest, is simply a dial. It doesn’t get simpler than that. Of course consumers will still have things to learn, but you can expect the smart devices in their home to actively teach them about home automation too.
He added: “For example, you should expect devices like the Apple TV to detect new smart appliances that are brought into the home, and to offer to help set them up.”