Smart Home Market Experiences Growth Due to COVID-19

Aug 6, 2020 9:15:37 PM

The COVID-19 outbreak is one of the most significant global events to occur in recent years, halting economic activity worldwide and compelling people to make substantial lifestyle changes

At work, the pandemic induced lockdown has resulted in a surge of telecommuting, with businesses across the country quickly accepting the work-from-home environment to flatten the curve. Given the increased adoption of smart technologies, as well as the remote working trend, many South Africans realise the importance of upgrading their current home-tech solutions.

Smart Home Technology
A smart home is a setup where the internet connects all devices and appliances, giving the customer remote control access over everything inside their house using a phone or other networked device. Home integrated technology is becoming one of the biggest trends.

With just the touch of a button, people can now command every device in their homes, from anywhere in the world. Taking into consideration that the COVID-19 pandemic has caused people to rely more heavily on technology, we are likely to see more and more South Africans embracing an automated home solution.

Market Research Future (MRFR), released their Smart Home Market Research report earlier this month, and believe that the smart home market will reach a global growth rate of close to 35% during the 2017 - 2023 assessment period.

With the growing desire among consumers for convenience, connectivity, and security prompting additional market growth, we could be entering an era where most residential properties in the country have smart home technologies.

Statement by
Richard Gray
CEO Harcourts South Africa

Topics: Richard Gray, Harcourts South Africa, Corona Virus, COVID-19, Working from home, Smart Home