A recent report from Argus Insights claims that demand for connected home products based on the IoT dramatically slowed in the first half of 2015 and continues to fall.
This drop in demand is attributed to reported flaws in connectivity and installation, as well as a lack of innovative new products. Early adopters appear to have all that they seek: security cameras, home security kits, thermostats, and detectors and sensors. But the average consumer is not finding these products compelling. And reported issues of speed, performance and connectivity are contributing to the slow down in buying.
Wearables still have consumer interest, but home automation less so.
Google, Intel, Cisco and Samsung are among the companies betting heavily on the success of this industry. It will be interesting to see how they react to regain consumer interest.
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