The projected growth of the smart home market is expected to increase to over $60 billion by 2021 according to TechSci Research. Many Americans already have smart technology within their homes, such as Siri and Alexa to wirelessly program a thermostat or lock a door. As the demand for home smart technology grows, home development companies and entrepreneurs are seeing opportunity for technology investment.
One of the leading home builders offering the latest home technology is Quadrant Homes. In Bellevue, Washington, Quadrant Homes gives home buyers different packages of technology features that include nest thermostats, motion-detecting doorbells and Caseta Wireless smart lighting. While many features included in the packages are for everyday use, entrepreneurs are finding challenges related with certain features of smart technology. Such features as smart floors that detect falls are ideal for the specific target population of senior citizens.
But research has shown that seniors are less likely to purchase smart floors because they are worried about privacy and security issues. Security is a common concern among all age groups according to the latest research, hindering smart technology purchases. As technology advances, so does the threat of cyber-attacks on smart home technology. Entrepreneurs in the smart home technology industry view security as a top priority and work to convince consumers that their security won’t be compromised. Visit Inspirery for the details.
Seeing the potential of smart home technology, Todd Lubar is the President of TDL Global Ventures, LLC. Lubar is also the Senior Vice President of Legendary Investments. While Todd Lubar’s focus has been mortgage banking, he has owned companies in the demolition, recycling, night club and real estate industries. Before helping individuals in need at TDL Global Ventures, LLC, Lubar worked at Legacy Financial group where he grew the Maryland office to over $100 million each year in loan volume.
Earning a B.A. in speech communication from Syracuse University helped Todd Lubar to succeed in a variety of industries and different positions. After graduation, he held positions at Crestar Mortgage Corporation and being the Senior Vice President at Charter Funding. For many years Lubar’s been ranked one of the top 25 mortgage originators in the United States. With vast knowledge and experience in multiple industries, Todd Lubar continues to grow as a leading entrepreneur.