Smart home automation revenues to exceed $57mn by 2024

Smart home automation

New data analysed by Juniper Research indicates that automation revenues will exceed US$57 million (€50 million) by 2024. This is up from $18 million (€16 million) in 2019, and is driven by smart security solutions. Juniper’s new research, Smart Homes: Strategic Opportunities, Business Models & Competitive Landscape 2019-2024, found the ‘Do It For Me’ model, with vendors offering advice, installation, maintenance and cloud storage on monthly/yearly subscriptions, is gaining ground. More players, such as Hive, Vivint Smart Home and TP-Link, now offer subscription packages, which broaden the value proposition with…

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