Cost is what holds most North American consumers back from purchasing smart home products, according to a 2018 survey. Having to install and manage the smart home system also contributed to consumers' reluctance to fully embrace the new technology.
Reasons behind consumers' reluctance to purchase smart home products in North America as of 2018
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CABA. (March 1, 2019). Reasons behind consumers' reluctance to purchase smart home products in North America as of 2018 [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1076910/north-america-smart-home-products-consumption-barrier/
CABA. "Reasons behind consumers' reluctance to purchase smart home products in North America as of 2018." Chart. March 1, 2019. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1076910/north-america-smart-home-products-consumption-barrier/
CABA. (2019). Reasons behind consumers' reluctance to purchase smart home products in North America as of 2018. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1076910/north-america-smart-home-products-consumption-barrier/
CABA. "Reasons behind Consumers' Reluctance to Purchase Smart Home Products in North America as of 2018." Statista, Statista Inc., 1 Mar 2019, https://www.statista.com/statistics/1076910/north-america-smart-home-products-consumption-barrier/
CABA, Reasons behind consumers' reluctance to purchase smart home products in North America as of 2018 Statista, https://www.statista.com/statistics/1076910/north-america-smart-home-products-consumption-barrier/ (last visited November 03, 2024)
Reasons behind consumers' reluctance to purchase smart home products in North America as of 2018 [Graph], CABA, March 1, 2019. [Online]. Available: https://www.statista.com/statistics/1076910/north-america-smart-home-products-consumption-barrier/