Smart home data analytics solutions continue to emerge

It is now obvious that, Smart home data analytics solutions continue to emerge, and market participants are just beginning to realize the opportunity offered by volumes of data. For those who are unfamiliar, Analytics solutions not only use data to provide insight into the home, but also create new possibilities for generating revenue and providing consumers with more value.

According to a new report from NavigantRSRCH, global smart home data analytics revenue is expected to increase from $1.3 billion in 2017 to $11.0 billion in 2026.