Consumers Invest in Smart Home and Energy Technology
Annual smart home platform revenue will rise from $4.2 billion in 2017 to $40 billion in 2026, according to market research firm Navigant Research. Vendors are ramping up investment in the smart home concept and marketing to consumers, as home builders are integrating products into new construction. Technology incumbents, telecommunications providers, security providers, and energy suppliers are using their existing footprints to increase the number of devices available and create new applications. What role is your company playing the smart home movement? What applications do you see as low hanging fruit in this emerging market?
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