Navigant Research Report Reveals Annual Revenue for Smart Home Data Analytics is Expected to Reach $11 Billion in 2026

New use cases for smart home data analytics are expected to enable
advanced functionality, including home automation, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#B2B–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. Click
to tweet: According to a new report from @NavigantRSRCH,
global smart home data analytics revenue is expected to increase from
$1.3 billion in 2017 to $11.0 billion in 2026.

“Players in the residential sector are beginning to discover the
opportunity analytics solutions have to offer,” says Paige Leuschner,
research analyst with Navigant Research. “Currently the market is
focused on using analytics to engage customers and gain insight into the
home. However, as volumes of data grow and companies further explore use
cases for data, Navigant Research expects analytics to enable more
advanced functionality, such as home automation, and play a vital role
in creating smarter homes.”

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.

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.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Smart Home Data Analytics, is a summary and reflects
Navigant Research’s current expectations based on market data and trend
analysis. Market predictions and expectations are inherently uncertain
and actual results may differ materially from those contained in this
press release or the report. Please refer to the full report for a
complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any
of the information contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]