The smart home market is set to experience impressive growth, projected to reach $250.6 billion by 2029 from $174 billion in 2025. As household penetration increases, telecommunications companies recognize the importance of enhancing their role in this expanding market. They hold a network 'superpower' that is essential for smart device connectivity. Although Amazon and Google currently dominate the sector, telcos must strategically decide whether to compete with these giants or collaborate with them to capture a portion of the lucrative smart home pie.
The smart home market is projected to grow significantly, with estimates reaching $250.6 billion by 2029, reflecting a robust 44% growth over four years.
Owning the network is a superpower in the smart home space, and telecommunications companies must use it strategically to gain market share.
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