Consumer electronics is a key area in the Internet of Things (IoT) and continues to gain traction everyday. These IoT based smart-home gadgets are expected to take off. One in every five U.S. homes with broadband access will buy at least one smart-home device within a year, pushing sales of these devices from 20.7 million in 2014 to 35.9 by 2016, according to a survey released in October by the Consumer Electronics Association. Half of the surveyed buyers were under 35 years old.
Benefits For OEMs
The IoT is changing the game for consumer electronics manufacturers; enabling new revenue opportunities, providing new insights into consumer usage, and bringing true interoperabiliity with other connected consumer products. Leveraging proven technology, consumer electronics manufacturers can get products to market quickly that consumers will love.
- Established, proven technology, speeds time to market for new connected products
- Ability to introduce new services revenue opportunities
- Flexibility to support multiple communication protocols to better suit manufacturers products
- Data can provide new insights on consumer patterns and even on their health
Benefits For Consumers
The IoT is changing how consumers interact with consumer electronics; enabling greater convenience for a better experience, access to data that enables them to optimize their usage, and increasing control they have over their devices. With IoT, the world is at their finger tips.
- Greater convenience in our everyday lives contributes to a better customer experience
- Consumer data engages users to analyze and optimize their usage
- Improved device efficiency and potential energy savings
- Increased control and management of devices, from anywhere at anytime
Wearable health monitoring devices are quickly advancing from early adopter to mainstream status. With the global market for wearable’s expected to swell to 111.9 million units in 2018, manufacturers are looking for help to meet the growing demand.
Smart Plugs offer consumers a great way to add the convenience of remote control to existing products within the home. From lights to coffee machines, existing non-connected devices can now be connected to the internet, allowing the user to remotely turn on and off devices with a mobile app, create on and off schedules for devices, and even monitor energy usage from their mobile device.
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