Consumer Demand for connected home products slows
Home automation was gaining attention and experiencing robust growth in 2014; however a new report by Argus Insights (www.argusinsights.com) reveals that sector is quickly losing steam.
The research group’s data shows that as of May 2015 consumer demand for connected home devices such as thermostats, lightbulbs, locks, sensors and cameras experienced its first drop below the level of a year ago, a sign that consumer interest is stagnating.
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