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Service Providers: Four Ways to Boost Revenue in the IoT Space

September 06, 2018 / Rafi Zauer

Connected living tech service providers may be feeling giddy right about now. According to IHS, the global market for smart home was worth $14.7 billion in 2017 - a significant jump over the previous years. It also predicts that in 2025, 10 percent of global households will be smart homes. Here’s the thing, though: How can providers benefit long-term from connected living tech in the IoT era - or, in other words, go beyond one-time purchases to achieve solid and lasting revenue streams? The answer, according to many experts, lies in  partnerships, tie-ins, and collaborations. Here are four ways service providers can speed up mass market adoption of - and increase revenue streams from - IoT smart devices: Partner with customers by offering integrated services Many customers are not technology oriented and may feel overwhelmed when installing their devices or integrating devices from different manufacturers into a single system. Providing them with installation, integration, a...