Advertisement
Singapore markets closed
  • Straits Times Index

    3,144.76
    -38.85 (-1.22%)
     
  • S&P 500

    5,061.82
    -61.59 (-1.20%)
     
  • Dow

    37,735.11
    -248.13 (-0.65%)
     
  • Nasdaq

    15,885.02
    -290.08 (-1.79%)
     
  • Bitcoin USD

    63,438.36
    -3,311.84 (-4.96%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,842.64
    -122.89 (-1.54%)
     
  • Gold

    2,384.70
    +1.70 (+0.07%)
     
  • Crude Oil

    85.10
    -0.31 (-0.36%)
     
  • 10-Yr Bond

    4.6280
    0.0000 (0.00%)
     
  • Nikkei

    38,471.20
    -761.60 (-1.94%)
     
  • Hang Seng

    16,248.97
    -351.49 (-2.12%)
     
  • FTSE Bursa Malaysia

    1,535.00
    -7.53 (-0.49%)
     
  • Jakarta Composite Index

    7,164.81
    -122.07 (-1.68%)
     
  • PSE Index

    6,404.97
    -157.46 (-2.40%)
     

Apple’s plan to take over your entire home will start in these two categories

The first batch of products built on top of Apple’s HomeKit — a framework that helps develop iPhone-controlled home appliances — are finally out. The products range from a lighting dimmer and an air quality monitor to an energy consumption tracker and a door locks controller.

The first HomeKit-based products show which categories will lead the way for the broader shift to a connected-home: home-energy equipment and home safety and security systems. According to BI Intelligence, most of the connected-home devices will first be built in these two areas, as they are fairly cheap and easy to install - making them more accessible for average homeowners.

Smart home-energy devices, such as the Nest thermostat, are expected to grow at a compound annual rate of 74% between 2014 and 2019, while home safety and security systems, led by companies like Dropcam, are set to see a 77% compound annual growth rate by 2019. And with the number of households with broadband internet connections expected to reach 1.2 billion globally, connected-home devices will only continue to grow.

bii_connectedhomeshipments_6_2_15
bii_connectedhomeshipments_6_2_15

(BI Intelligence)

ADVERTISEMENT

NOW WATCH: 5 clever iPhone tricks only power users know about



More From Business Insider