The smart home industry is experiencing tremendous growth at a CAGR of 11.6% and the global smart home market size expected to grow to $135.3 billion USD by 20251. The importance security monitoring and surveillance is prevalent in residential and business segments and the increasing demand for energy-saving and low carbon emission-oriented solutions are among the factors driving smart home growth.
Smart living solutions are the ideal complement to service provider’s fixed and wireless broadband packages, enabling providers to expand services and create new revenues with their existing customer base. Extend the utility of fixed and mobile broadband data plans by making smart home solutions available in the product bundle and increase average revenue per user. The expansion of services creates new revenue opportunities within the existing customer base.
Turnkey, Brandable Smart Home Solutions
When it comes to smart homes, Radisys offers a complete turnkey smart home solution set that is fully customizable and brandable for operators to extend the utility of their data plans, grow average revenue per user (ARPU) and create new revenue streams.
Flexible smart home solution packages from Radisys give operators more ways to monetize their data plans. Pairing smart home solutions with all-inclusive data plans adds utility without increasing the cost of users’ existing plans, making a service provider’s data plan stickier and helping to retain customers in the long run.
Finally, operators can earn revenues from smart device sales and may also monetize ancillary services to create new revenue streams. Analytic reports and home security insurance offerings are just some of the ways smart home solutions may be leveraged by a service provider to create opportunities for additional revenue streams.
Smart home solutions offer flexible, scalable opportunities that position service providers to grow revenues, enhance their product portfolio and make their customers less likely to switch to another provider.
To learn more visit Radisys online at www.radisys.com or contact [email protected] to request a meeting.
1A study by Markets and Markets forecasts the smart home market to be worth US$ 135.3 billion by 2025.
Radisys
Radisys, a global leader in open telecom solutions, enables service providers to drive disruption with new open architecture business models. Radisys’ innovative disaggregated and virtualized enabling technology solutions leverage open reference architectures and standards, combined with open software and hardware to power business transformation for the telecom industry, while its world-class services organization delivers systems integration expertise necessary to solve communications and content providers’ complex deployment challenges. For more information, visit www.Radisys.com.
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