Value added applications is projected to yield the greatest revenue in the North American smart home market. By 2023, smart home value added application and services, such as asset management, energy management, etc. are projected to bring in about 43.6 billion U.S. dollars in revenue in North America.
Smart home market revenue in North America from 2018 to 2023, by category**
(in billion U.S. dollars)
Characteristic
Enablement
Network services
System applications
Value added applications
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**Enablement(connectivity and computing components); network services (cost of data transmission and network management); system applications (middleware services); and value-added services.
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CABA. (March 1, 2019). Smart home market revenue in North America from 2018 to 2023, by category** (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1076383/north-america-revenue-smart-home-market-category/
CABA. "Smart home market revenue in North America from 2018 to 2023, by category** (in billion U.S. dollars)." Chart. March 1, 2019. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1076383/north-america-revenue-smart-home-market-category/
CABA. (2019). Smart home market revenue in North America from 2018 to 2023, by category** (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1076383/north-america-revenue-smart-home-market-category/
CABA. "Smart Home Market Revenue in North America from 2018 to 2023, by Category** (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Mar 2019, https://www.statista.com/statistics/1076383/north-america-revenue-smart-home-market-category/
CABA, Smart home market revenue in North America from 2018 to 2023, by category** (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1076383/north-america-revenue-smart-home-market-category/ (last visited July 27, 2024)
Smart home market revenue in North America from 2018 to 2023, by category** (in billion U.S. dollars) [Graph], CABA, March 1, 2019. [Online]. Available: https://www.statista.com/statistics/1076383/north-america-revenue-smart-home-market-category/