Smart home technology is rapidly becoming commonplace, with 24 percent of American households owning a smart speaker in late 2018, per a study by Nielsen Holdings Inc. Of those smart speaker owners, 40 percent own multiple speakers, and 45 percent of them plan to purchase more smart devices for their home.
“This industry is growing fast,” said Micah Ogé, marketing manager, residential portfolio marketing, Johnson Controls Inc. “A few years ago, options were limited and expensive. Today, a homeowner can find smart technology to solve many challenges they have around the home — locking the doors, managing security, or even feeding their pets.”