Smart home technology adds significant value to properties and creates competitive advantages in today’s market. The global smart home market continues to expand, with projections reaching $338.28 billion by 2030.
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For many older adults, the idea of aging in their own home isn’t just a preference; it’s a deeply held wish, a feeling shared widely. According to the AARP’s 2024 Home and Community Preferences Survey, 75% of adults aged 50 and over hope to remain in their current homes as they grow older.
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Originally published in inman.com.
We are in an era where sustainability, energy savings, solar options, innovations, engineering and smart home tech knowledge are all extremely important to consumers, business leaders and employees trying to make a difference in the world. In 2018 alone, the U.S. spent $19.8 billion on smart home technology. I predict a new material called graphene will revolutionize the smart home industry and become a key factor in smart home technology advancements and innovations.