Smart home automation growth to exceed 1000%
New data from Juniper Research (www.juniperresearch.com) has found that home automation hardware, sold as standalone units rather than as part of a subscription package, will exceed 300 million in 2020. This represents growth of over 1000 percent from an estimated installed base of 28 million units in 2015.
While the smart home industry has been years in the making, more open approaches, partnerships and falling hardware costs are driving adoption, according to the research group. What’s more, media and retail efforts are aiding in raising consumer awareness.
Read More