$1 Billion Activity Monitoring Market by 2026
Smart home technologies are transforming the assistive care industry. Ubiquitous smart home security products and services through multiple channels gives caregivers many options for remote activity monitoring. New dedicated solutions are now available from mainstream consumer channels that are a challenge to general purchase home monitoring that is currently the largest segment in North America.
ON World’s Q4 2021 survey with 1,100 caregivers in the United States found that remote monitoring of senior or disabled family members is a growing trend. One of the key findings is that 1 in 10 smart home security users remotely monitor a senior family member using smart home technology.
One Third of Caregivers Use Smart Home Technologies
For technology early adopters who are also caregivers, smart home automation is widely used to remotely monitor and care for a disabled or senior family member. One third to half use security cameras, motion sensors, smart detectors, door/window contact sensors, video doorbells and smart speakers.
Another of ON World’s Q4 2021 surveys with early adopters aged 55 and older found that half are open to using smart home technologies for assistive care as they age and 18% view them as essential. For this group, the most likely current and future smart home products are security cameras, video doorbells, smoke detectors, smart thermostats, motion sensors, lighting controls and smart door locks.
Fastest Growth for Traditional Services Blended with Consumer IoT
By 2026, activity monitoring annual revenues in the US and Canada will reach $1.06 billion up from $420 million in 2020. Dedicated systems that blend traditional senior monitoring and consumer IoT services such as Aloe Care Health and Amazon’s Together service will increase faster since general purpose home security monitoring has been available for longer.
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