Amazon launched 15 new smart home products on Thursday, indicating its dedication to building up the smart home space.
The 15 new Alexa-enabled products included a microwave, a clock, an amplifier, and car gadgets. Alexa Hunches, a new services also launched by the company, will make suggestions for energy use and more based on a homeowners habits. CNBC reports that the additions show Amazon’s intent to challenge competitors like Apple in the smart home space.
The potential reward is huge. The smart home market is expected to grow into a $53 billion industry by 2022, according to Zion Market Research. With Amazon taking an early lead in this space, it could open up a massive new revenue channel for the company going forward. The new microwave and amplifier bring Amazon into the home appliance and entertainment system space for the first time.
Advertisement
Related Stories
Innovation
Winners of the Housing Innovation Alliance's Pitchfest Program
Here are the four startups that stood out to Pitchfest's judges
Building Software
6 Barriers to BIM Adoption in the Housing Industry
Building information modeling has the potential to modernize the housing industry, but residential and low-rise multifamily housing developers face barriers to its adoption
Software + Apps
This Construction Simulator Video Game Offers a Low-Stress Glimpse Into the Building Industry
The newest iteration will include a multiplayer mode that allows players to work toward common goals on simulated construction sites
