Home automation hardware, sold as stand-alone units rather than as part of a subscription package, will exceed 300 million in 2020, according to Juniper Research. This represents growth of over 1000 percent from an estimated installed base of 28 million units in 2015.

Global revenues from smart home automation systems will grow at a 21-percent CAGR between 2015 and 2020, according to ABI Research. North America will account for the lion's share of the smart home automation system revenues in 2020, contributing close to 46 percent globally, followed by Europe and Asia-Pacific.