Broadband service providers and network operators have an opportunity to broaden the utility of data plans, boosting revenue growth and increasing average revenue per user, by investing in the connected home. As the number of connected smart devices continues to grow, Fortune Business Insights projects the global smart home market size to reach US$622-billion by 2026¹.
Broadband service providers and operators are well positioned to capitalise on this opportunity having an embedded customer base to market to. However, launching connected home services involves more than partnering with a hardware supplier. There are several challenges and uncertainties in developing a profitable connected home business model, such as overcoming high initial investment costs, resolving integration complexities, and partnering with the right provider for optimal support.
Radisys offers a fully integrated end-to-end smart home solution for operators to help develop an attractive product bundle for optimal revenue growth, faster time-to-market and quicker returns on their investment. Follow the link to learn more about our adaptable solution.
¹Fortune Business Insights, “Global Smart Home Market to Gain from Rising Demand for Innovative Security and Monitoring Solutions”, 11 February 2021
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