Internet of Things Tipped to Boom in Australia

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Friday, August 14th, 2015
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The much-touted “internet of things” is set to enjoy booming growth in Australia before the end of the decade, with projections of a rapid expansion in the sale of connected home devices over the next several years.

Tech consultancy Telyste sees the Australian market for connected home devices expanding nearly 11-fold during the next four years to reach $3.2 billion by 2019.

Long-heralded technological advances are finally making their way to the market, increasing the number of smart devices that we employ in our daily lives and serving to foster the creation of a corporeal internet of things.

Telyste’s research indicates that before the end of the decade the average home in Australia will host as many as 24 electronic devices that are connected to the internet, as compared to an average of just nine at present.

These smart devices will consist of products that have never before been widely seen by modern consumers, including smart security systems for the home, smart energy systems the operate by means of sensor equipment, and commonplace appliances such refrigerators that are enhanced by means of internet connectivity.

Telyste notes in its report that leading home appliance company Samsung has pledged to make 90 per cent of its new products internet capable by 2017 and confer all of them with this propensity by 2020. This means smart capability will become the default feature of home appliances, as opposed to an optional extra preferred by the tech savvy.

Non-tech companies also hope to make their products more compatible with the internet of things, including furniture giant Ikea and Australian home appliance company Breville.

According to Telsyte analysts, the popularity of these connected devices will also be abetted by improved operability and design, with the next generation of smart systems far simpler and easier to use than their predecessors.

Google’s smart thermostat “the Nest” is a case in point, consisting of little more than a dial that lends itself to intuitive usage by the average consumer.

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