Why do Service Providers need a Smart Home Platform?

The $100 billion Smart Home market is growing at a 13% CAGR averaged worldwide. This offers service providers one of the best opportunities to diversify into adjacent consumer verticals to improve ARPU. Service providers are already trusted suppliers of essential utilities like connectivity and energy, and can leverage their existing consumer base that has a long standing billing-cycle relationship with them.

But the market is crowded by OTT players, both startups and well established digital disrupters want a piece of the pie. Service providers need to move quickly to maintain their current advantages in the face of this growing threat.