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Objectives: The research aims to Evaluate the impact of smart home technology and IoT integration on modern households, focusing on safety, convenience, energy efficiency, and remote accessibility. Further analyse the projected growth of smart home devices, considering the compound annual growth rate and the implications for consumer adoption and market dynamics. Also Investigate the security vulnerabilities inherent in the proliferation of smart home products from various vendors and their potential consequences for consumer safety and Privacy. Methods: A comprehensive survey was conducted to gauge consumer knowledge and perceptions regarding smart home technology. The study included a diverse sample of participants to ensure broad representation across demographic variables. Data collection utilized both quantitative measures, such as Likert-scale surveys, and qualitative approaches, including open-ended questions, to provide a nuanced understanding of attitudes and behaviours related to smart home adoption and security concerns. Findings: The integration of smart home technology has significantly enhanced the lifestyle and functionality of households, offering unprecedented levels of convenience and control.The proliferation of smart home devices is poised for exponential growth, with a projected compound annual growth rate of 16.9%, indicating a substantial market expansion.Security vulnerabilities in smart home systems pose significant risks to consumer safety and privacy, highlighting the urgent need for enhanced cybersecurity measures and consumer education.Customer knowledge and concerns regarding smart home technology play a pivotal role in shaping adoption patterns, with security considerations emerging as a primary factor influencing consumer decisions. Novelty: This study donatestoward the recentworks by providing observed evidence of the effect of smart home technology on households and elucidating the interplay between consumer knowledge, concerns, and adoption behaviours. Furthermore, it underscores the importance of addressing security vulnerabilities to foster the widespread adoption of smart home technology while ensuring consumer safety and privacy.
Supriya Nagarkar (Mon,) studied this question.