Juniper Research: Smart home revenues to reach $71B by 2018

Revenues generated from smart home services are set to reach a global market value of $71 billion (€52 billion) by 2018, rising from $33 billion last year, according to a new report from Juniper Research. The report found nearly 80 per cent of total smart home service revenues will come from entertainment services by the end of the forecast period. As connection speeds have increased, service providers are able to offer greater volumes of content, delivered with increasing convenience. According to the report, growth has been spurred by the emergence of high-profile OTT content providers such as Netflix, LOVEFiLM and Amazon Instant Video, while demand is being further fuelled by mass adoption of connected TVs. While the smart TV market is just beginning to take hold, the set-top box and the console remain popular options for users to connect their TVs to the Internet and access subscription services, pay-per-view, download-to-own, and rentals. Release