Market Research Report
Making the Business Case for Smart Home Technologies in Multifamily Housing
|Published by||Navigant Research||Product code||697343|
|Published||Content info||18 Pages; 4 Tables, Charts & Figures
Delivery time: 1-2 business days
|Making the Business Case for Smart Home Technologies in Multifamily Housing|
|Published: September 7, 2018||Content info: 18 Pages; 4 Tables, Charts & Figures||
The concept of a smart home is gaining mindshare among consumers, but connected technologies have been largely targeted toward higher income, single-family households. Multifamily is becoming a more attractive market for connected technologies as stakeholders begin to realize the largely untapped opportunities this vertical has to offer.
Smart home solutions enable property managers to operate their communities more efficiently, earn recurring revenue through higher rent prices, and attract and retain occupants. Consumers are coming to expect that their homes are equipped with digital technologies, whether they are single-family or multifamily households. These factors are driving new business models and applications specific to multifamily, which is expected to see significant growth and technology adoption in the future.
This Navigant Research report examines the business case for smart home technologies in multifamily housing. The study explores the new business models, applications, and opportunities in the multifamily vertical. Three different multifamily business models (product, software subscription, and bundled solution) are compared, with examples provided for each. The report also analyzes the early entrants to the multifamily vertical for smart home technologies that are gaining traction.