by Angela Guess

According to a recent press release, “A new report from Navigant Research examines the market issues associated with smart home data analytics solutions in the residential space, providing global forecasts, segmented by business model, device, and region, through 2026. Smart home data analytics solutions continue to emerge, and market participants are just beginning to realize the opportunity offered by volumes of data. 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.”

The report goes on, “Today’s market players are largely offering customer engagement solutions as free analytics bundled with hardware purchases, business-to-business (B2B) software, and business-to-consumer (B2C) services, according to the report. As new use cases continue to develop, the market must overcome barriers such as limited awareness about the value of analytics, as well as concerns about data privacy and security.”

It continues, “The report, Smart Home Data Analytics, analyzes the global market for smart home data analytics solutions in the residential space, with a focus on three business models: free analytics, B2B software, and B2C services. The study provides an analysis of the market issues, including drivers, barriers, and use cases, associated with smart home data analytics. Global market forecasts, segmented by business model, device, and region, extend through 2026. The report also examines the technology stack, value chain, and business models related to smart home data analytics, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.”

Read more at Business Wire.

Photo credit: Navigant Research