Technology
The Smart Home of Tomorrow
Today, people want everything to be “smart”.
Smart phones, smart appliances, smart autos, smart cities, smart grids, and even smart trash cans are either already in our lives today, or will be in our near future.
In some cases the “smart” moniker may be applied loosely to new products, but the trend is real and overarching. It all stems from spreading adoption of the internet of things. With smart technology, many objects that were once quite simple are now automated, controlled by a phone, or optimized based on your personal preferences – and over time, this is going to change many aspects of our personal and professional lives.
One “smart” trend that is on a trajectory to impact almost everyone is one that concerns the most basic rung of our hierarchy of needs: our shelter.
Introducing The Smart Home of Tomorrow
Today’s infographic from Vibrant Doors shows how the new smart home will change everyday living for most people. It also shows consumer preferences, expected demand, and the obstacles to widespread adoption of this new “smart” technology.
The biggest obstacle for adoption of smart home technology is an interesting one: choice.
It’s expected that the smart home market will be worth $122 billion by 2022, and every company wants a piece of that pie. As a result, there is a multitude of brands trying to solve the smart home equation in order to break through as market leaders for this technology. The names in this battle range from giant tech companies like Apple, Amazon, Samsung, and Alphabet, to upstart competitors focusing on small niches within the home.
Consumers, for the most part, are willing to wait until the timing is right. Currently there is intense competition in the early stages of the smart home market and consumers are willing to watch brands duke it out. After all, adopting smart home devices and infrastructure is not cheap, and consumers only want to buy brands that are going to stand the test of time.
Technology
Mapped: Internet Download Speeds by Region
North America and East Asia have the speediest internet.
Mapped: Internet Download Speeds by Region
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
In today’s fast-paced world, internet speed isn’t just a convenience—it’s the driving force behind how we work, play, and connect.
In this map, we illustrate median download speeds in each global region, based on data from the World Bank’s Digital Progress and Trends Report 2023.
North America and East Asia Have the Speediest Internet
According to the World Bank, download speeds in high-income countries increased significantly between 2019 and 2023, while speeds in lower-income countries stagnated.
As of 2022, North America and East Asia have the speediest internet.
Region | Median mobile download speed (Mb/sec) | Median fixed broadband download speed (Mb/sec) |
---|---|---|
East Asia & Pacific | 90 | 171 |
Europe & Central Asia | 44 | 85 |
Latin America & the Caribbean | 26 | 74 |
Middle East & North Africa | 36 | 36 |
North America | 83 | 193 |
South Asia | 27 | 43 |
Sub-Saharan Africa | 16 | 15 |
This difference in broadband speeds can mainly be attributed to investment.
In 2020, nearly 90% of global telecommunication investment came from East Asia and the Pacific, Europe and Central Asia, and North America. These regions not only concentrate the highest-income population but also the top technology hubs.
Meanwhile, low- and middle-income regions such as Latin America and the Caribbean, South Asia, and Sub-Saharan Africa accounted for less than 10% of total investment.
Most of the investment is directed towards fiber optic and 5G mobile networks. According to the mobile industry association GSMA, mobile operators alone are projected to invest more than $600 billion between 2022 and 2025, with 85% of the total allocated for 5G.
In 2023, broadband speeds in high-income countries were 10x faster for fixed connections, and 5x faster for mobile connections compared to those in low-income countries.
Fixed broadband connections, which provide high-speed internet to residences or businesses, reached 38% of the population in high-income countries. In comparison, fixed broadband penetration was only 4% of the population in lower-middle-income countries and almost zero in low-income countries.
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