SHaaS

In key geographic markets, smart home device sales will reach 356.3 million units annually in 2024, accounting for 80.2 million total smart homes. This represents an installed base of 1.33 billion smart home devices, with annual sales revenue of $21.3 billion (€18.99 billion) in 2024.

A recent Comcast report, compiled from almost 1,300 US consumers, explained that what consumers really want in the IoT connected smart home is services – Smart Home as a Service (AKA SHaaS) – not a bunch of connected devices that remotely control various widgets and devices in the home.