Internet of Things is the thing we all will look forward in the future. Many people have dreamed of this technology for years. But it turns out to be one of technologies that people will have a second thought on before owning them.
According to a November survey from Accenture, nearly two-thirds of internet users worldwide said that one of the barriers to purchasing IoT devices and services were the fact that they are too expensive.
In addition, almost half of respondents said they were concerned about privacy and security, and these issues were another hindrance to purchasing an IoT device. The uncertainty about which device would be of use to them, as well as the confusion around these IoT devices more generally, were other barriers to purchase.
While price may be a hurdle for many consumers, others already own IoT devices. August 2015 research from ISACA, found that 43% of US internet users own a smart TV. Additionally, 26% of respondents said they own cameras that connect to the internet, and a quarter of respondents said they own a connected car.