Consumers want more value from home IoT products

U.S. consumers are slow to embrace home-based Internet of Things products, with many wary of their cost and usefulness, according to a new survey.

Many consumers are skeptical about the value proposition behind home IoT products, according to the survey from market research firm IDC.

Reliability was the top concern among those people who expressed interested in home IoT devices. On a one to 10 rating scale, reliability rated nearly a nine when people were asked what home IoT issues needed to improve before they would purchase a system.

Following close behind were concerns about cost, with equipment costs, ongoing costs, installation costs, overall value, all scoring above 8.75. Ease of use and security or privacy concerns were also major concerns.

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