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
Characteristic
Share of respondents
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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 July 27, 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 July 27, 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: July 27, 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 July 27, 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/