In this digital era, don’t miss out on smart homes

  • Owing to changes in lifestyle, rising safety and security concerns and increasing awareness of climate protection and energy efficiency, the adoption of smart products is increasing globally. In 2019, the global smart home market has crossed USD50 bn. and is expected to grow at a heathy rate of over 15% in the near future
  • With features like integrated control, anywhere accessibility and flexibility to add more products etc. Smart products brings a lot of comfort and convenience to end users but owing to lack of technology awareness, high switching cost and interoperability their adoption is limited to a small customer group.
  • Utility sector is leading to faster adoption of new strategies to offer smart products and related services to customers. Utilities are adopting innovative revenue models to encourage customers and make smart products more affordable for them.
  • Not only the Big Six but also medium-sized and small payers are launching new smart products or services, either in partnership with OEMs or through the acquisition of start-ups in smart home market.

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Acuity Knowledge Partners

Acuity Knowledge Partners

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We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points. https://www.acuitykp.com/