Voice Control Smart Home Market Trends

Growth Drivers

• Rising Request for Convenience and Automation: As consumers continuously seek ways to simplify their daily household tasks, voice-controlled smart devices offer automatic solutions for these requirements. With the assistance of these devices, users can efficiently manage multiple tasks at one time. For instance, controlling thermostats, switching off/on lights, or managing entertainment devices such as a TV or a Smart Speaker. Further, this hand-free technique, not only intensifies serviceability but also encourages easiness for individuals with disability and mobility issues. Additionally, a busy lifestyle demands convenience which will never end, resulting in an escalation of voice control devices.
• Evolution of Natural Language Processing (NLP) Technology: Natural language processing has a significant impact on voice control smart home devices as it helps machines understand and naturally respond to human language. Further, in past times, users had to memorize phrases to execute any task on devices. However, with the integration of technology, NLP can interpret a wide range of commands and make interactions with your smart home devices feasible. Additionally, another evolution of NLP is the development of virtual assistants which leverage NLP to engage in a natural conversation with the user. For instance, virtual assistants like Alexa and Siri offer seamless solutions to users with voice commands.
• Increasing Adoption of IoT and Connectivity: Today, a simple home can be converted into a smart one as seamless integration and control of multiple devices is becoming easy with the increasing adoption of the Internet of Things. Because interconnected networks help users remotely manage multiple tasks of daily life. Moreover, the extending handiness of internet connectivity and the widespread adoption of wi-fi and Bluetooth have cleared the way for more seamless connectivity which enables smart devices to approach cloud-based services and communicate with other devices despite their location, which provides a new level of flexibility to the user.

Challenges

• Navigating Compliance Challenges can be complex: Smooth integration of devices gets hindered due to mismatched protocols and standards which becomes very frustrating and complicated for the user. Additionally, these issues restrain the widespread adoption of smart home devices.
• Collection and storage of data ignites data breach concerns, which requires providers to offer necessary stringent security measures and clarity to consumers.
• Moreover, despite numerous advancements, voice recognition in smart devices having inaccuracy issues is a major concern as it undermines the trust of many users.