While all technology adoption will typically follow a somewhat predictable growth path, sometimes progression falters at the early-adopter stage of market development. Home Automation was gaining attention and experiencing robust growth in 2014, however a new market study by Argus Insights reveals that demand has slowed. Data show that as of May 2015, consumer demand for connected home devices -- such as thermostats, light bulbs, locks, sensors and cameras -- experienced its first drop below the level of a year ago, a sign that consumer interest has apparently stalled. "Based on our review of consumer interest, the state of home automation in 2015 is not looking good for anyone who sells or makes these devices," said John Feland, CEO at Argus Insights . “Even though Google and Samsung made big purchases in this space by buying Nest thermostats, Dropcam and the suite of SmartThings products demand is stagnating." Feland believes that it's obvious that the early ...
TMT Market Research and Analysis