From a demographic point of view, it seems that millennials are more likely to buy this technology; 44% of them own at least one smart home device. Among the quarter that currently own smart home technology, millennials (18 to 3 years old) account for the highest proportion, with 44%, followed by members of Generation X (35-54; 33%) and those aged 55 and over (24%). Data on smart homes shows that some insurance companies lower their premiums for homes that have smart security systems installed. The most popular type of smart home technology we already own is smart entertainment, such as smart TVs and speaker systems (44% of those with smart home technology), followed by smart security (31%) and smart temperature (30%).
According to trends in smart home technology, more than half of Americans say that using devices generally saves about half an hour of their time each day. According to the demography of smart homes, about 43% of users of smart home technology are between 18 and 34 years of age. Smart home devices were the most common emerging technology product planned to be purchased last holiday season, according to a survey by the Consumer Technology Association. However, as you probably already know, smart home devices and trends have expanded beyond smart speakers and plugs.
However, the Coldwell Banker survey warns that certain products, such as smart temperature products, are gaining more popularity among older owners of smart home products than younger owners. These smart home devices can lower your overall insurance premiums and even guarantee you more discounts for each device you install. To show you how advanced technology has advanced, we've prepared some smart home statistics for you. The new homes are already arriving equipped with smart home automation, such as integrated security systems or voice assistants in each room.
Video entertainment devices (such as smart TVs) are the most popular, followed by smart speakers and home monitoring products (Digital Media Solutions). Those who sell older homes often leave their smart devices intact to increase the value of their properties. And since smart homes can save you money on your insurance premiums, it's not a decision to be taken lightly.