Report: 61% expect connected home in 5 years
But concerns around security and privacy still need to be addressed, says survey
Sixty-one per cent of tech-savvy homeowners believe that the idea of the connected home is likely to become a reality in the next five years, according to results from a global survey commissioned by Fortinet on the Internet of things (IoT).
Completed in June 2014, the survey asked 1,801 homeowners questions on the IoT and what it means for the connected home. And while many believed that the connected home was certainly coming, concerns around data privacy and security still ranked high among homeowners.
"The battle for the Internet of things has just begun. According to industry research firm IDC, the IoT market is expected to hit $7.1 trillion by 2020," said John Maddison, vice president of marketing at Fortinet.
"The ultimate winners of the IoT connected home will come down to those vendors who can provide a balance of security and privacy vis-à-vis price and functionality."
When asked how they would feel if a connected home device was secretly or anonymously collecting information about them and sharing it with others, most respondents (62%) said they would feel "completely violated and extremely angry" to the point where they would take action.
Indeed, when it came to who should have access to the data collected by a connected home appliance, 66% said that only the end user and those who they gave permission to should have access to the information.
The respondents were, however, split on who is responsible for updating and patching connected home devices. According to the survey, 48% said that the device manufacturer was responsible for updating devices, but nearly 31% said that, as a homeowner, it was their responsibility to make sure that the device is up to date.
Respondents were also divided over how connected home devices should be secure, with half believing that a home router should provide protection and the other half believing the onus for protection was on the internet service provider.
"The Internet of Things promises many benefits to end-users, but also presents grave security and data privacy challenges," said Maddison.
"Crossing these hurdles will require clever application of various security technologies, including remote connection authentication, virtual private networks between end-users and their connected homes, malware and botnet protection, and application security - applied on premises, in the cloud and as an integrated solution by device manufacturers."