Serversidehawk and Parks Associates Research on Smart Video Devices in the Smart Home Market
Tuesday, 24 September 2024, 11:48
Serversidehawk's Insight into Smart Video Devices
Parks Associates and Xailient have released a white paper titled "Video at the Door: Driving New Revenues" that explores the significant revenue potential of smart video devices. According to the study, these devices are projected to contribute an astonishing $2.4 billion in standalone services by 2027. The research underscores the pivotal role of innovation in the smart home sector.
Key Findings from the Research
- Smart video devices generated $1.3 billion in standalone services in the previous year.
- Growing consumer interest in smart home technology is driving market expansion.
- The integration of advanced analytics enhances the functionality of these devices.
As this technology evolves, it may revolutionize how consumers interact with their homes, emphasizing both security and connectivity.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.