Connected Homes: Inclusion of IoT in Indian Households
15 Pages Posted: 8 Jul 2021 Last revised: 10 Jul 2021
Date Written: June 26, 2021
Smart Homes system has gained a huge demand in last few years as they improve the standard of living and give user an easy life. Any house that is integrated with automated technology (i.e., has connectivity in nearly all devices) is called a smart home. The concept of smart home can be explored more by IoT (Internet of Things) and cloud computing through which daily household activities and device can be controlled, monitored and managed using wireless communication techniques. These days’ big organizations are investing heavily in this technology and coming up with new updates that are increasing new business opportunities and the expansion in acceptance of IoT technology especially in companies that produce raw materials, automobile industry and health care sector are encouraging the market growth in a positive way.
The research study will analyze the demand, trends and consumer behavior of smart home devices and its potential impact on business turnover, economy and market. The survey will be based on primary data collection with the help of questionnaire. A ranking of the various critical success factors provided the list of factors that consumers that Indian consumers believe to be important while adopting an IoT enabled smart home.
Keywords: Customer Behavior, Home Automation, Internet of Things, Remote Access, Smart Homes
JEL Classification: M10, M15, M30, M31, M37, D23, O14,L86
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