Building a Successful Smart Home StrategySmart homes are no longer a technology of the future. They’re here today, enabled by a wide variety of devices and services that consumers are embracing in growing numbers.
As more consumers adopt smart home devices, CSPs need to rethink their business model with the smart home user in mind. Smart home technologies depend on fast and reliable connectivity, and if CSPs can satisfy these new demands, they can transform their current businesses, defend their market position in the face of new competition, and remain vital into the future.
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ABI Research forecasts that by 2026, the global smart home market will reach $317 billion, up from $85 billion in 2020.