Google’s $3.2 billion purchase of Nest Labs Inc. may speed the development and adoption of comprehensive, integrated mobile building automation services, say industry experts. Currently, less than 2 percent of consumers control their properties using web-based devices.
Smart thermostat maker, Nest Labs has developed a range of smart products that can be controlled by a mobile phone, from plant sensors to light bulbs. Nest was founded by former Apple Inc. employees.
Google’s experience in Android software could aid with the Nest acquisition to build a similar system for the smart home. Android software currently runs more than 80 percent of the world’s smartphones.
According to researcher IDC, the connected home has the possibility to generate $8.9 trillion in revenue by 2020, which is up from $4.8 trillion in 2012.
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