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China may become the largest smart home market in the future
According to the latest report released by international management consulting firm Kearney, China will become Asia's largest smart home market by 2020.
The report predicts that by 2020, the overall size of global smart home will grow from the current 10 billion US dollars to 50 billion US dollars, and is expected to surge to 400 billion US dollars in 2030. By 2030, sales in the Asian market will exceed $115 billion, accounting for more than 25% of the global market.
Two factors have prompted China to become the largest smart home market in Asia and the world: First, the rapid growth of the country's overall economy has led to an increase in household income levels. Research shows that by 2030, Chinese families with annual incomes exceeding $35,000 will More than 40 million households.); Second, China is now the world's largest Internet market.
Some current trends in China are accelerating the further expansion of the smart home market:
The first is product availability and cost. At present, many household equipments are already automation products, and 80% of them have been intelligent and available on the market. As the cost of key technologies and components declines, the price of smart home devices such as televisions, smart washing machines , smart door locks, etc. will be more affordable.
Second is intelligence and connectivity. Advances in technology and processing power of smartphones have greatly improved the connectivity of home devices. The adoption of big data, cloud computing and artificial intelligence enables some applications to meet the needs and expectations of users, making home life increasingly intelligent.
Finally, interoperability. As the interconnection between products produced by different manufacturers continues to increase, smart home applications are becoming more and more popular among consumers. The rapid increase in industry alliances and efforts to standardize agreements and open platforms have enabled the smart home ecosystem to continue to improve.
The smart home storm has been generated, and a new round of "Millionaires, Multi-Millionaires" for the rich movement has started. Join Kotani, you are the next super boss!
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