Consumer adoption of network connected technology is on the rise, with 69% of US consumers planning to buy an in-home device in the next five years, according to the Accenture 2014 State of the Internet of Things Study. By the end of next year, a total of about 13% of consumers will own an in-home IoT device such as a thermostat or in-home security camera. Currently, only about 4% of those surveyed own such a device.
Adoption of wearable IoT technology such as smart watches and fitness devices is also expected to gradually increase, with nearly half of consumers already owning or planning to purchase a device in this category in the next five years.
The study was conducted in the US by Acquity Group, a digital marketing agency, now part of Accenture Interactive.
The key point for those outside the US is probably that most of the early adopters tend to be those living in cities.
Internet of Things is one of the areas to be discussed at both the Managed Services & Hosting Summit in September in London and the eighth annual European ISV Convention on 25 March 2015 in London.