Identify lucrative market opportunities and stay informed on emerging trends to excel in this evolving sector at the intersection of technology and modern living.
The smart home market is experiencing a transformative shift driven by the integration of advanced technologies and rising consumer expectations. IoT devices, AI-powered automation, and energy-efficient solutions propel market growth, leading to more comfortable, secure, and eco-friendly living environments. While the smart home industry embraces these innovations, new opportunities for disruption and market expansion emerge. Waveup is dedicated to unearthing hidden opportunities in high-growth industries, such as smart home, applying market knowledge to assist our clients in formulating and implementing result-driven growth roadmaps. In-depth industry analytics form the foundation of our services, delivering comprehensive support in the design and execution of growth ventures – from securing smart home startup VC funding to scouting for M&A prospects and crafting new smart home industry market entry plans. Whether your needs are limited to gaining industry insights or you want to receive bespoke guidance, we are here to help you confidently navigate the dynamic market and receive smart home financing for your project.
The number of households using smart home devices in 2023 represents 46.5% of the total number of US households.
The security & access control segment dominated the industry in 2022 and accounted for the highest share of more than 30.4% of the overall revenue.
By 2026, smart thermostats in all HVAC homes could cut annual energy use for heating/cooling by 9%.
81% of consumers indicate a higher likelihood of buying a new home if it comes equipped with smart technology.
By 2030, an estimated 25.4 billion IoT devices are anticipated to be in use worldwide.
$500M+ secured by 10 deals, mainly covering:
Despite the unprecedented growth and transformative potential of the smart home venture capital industry, players must remain vigilant of potential risks and challenges in order to succeed in the rapidly-evolving landscape.
Rapid technological changes can make smart home solutions obsolete quite quickly. To overcome this, startups must convince smart home investment funds of their ability to adapt and evolve their tech stack in order to stay competitive. This forms a critical part of the smart home pitch deck.
Companies often face hurdles in demonstrating the scalability of their product or service, struggling to identify the most suitable growth blueprint and answer two main questions – when should we scale and how fast?
With growing concerns about data privacy and security, smart home startups face the big issue of navigating complex regulatory landscapes. If not addressed properly, this could impact their attractiveness to potential smart home industry investors.
From diligent business analysis to storytelling and financial forecasts, we’re helping founders crystallize and structure key business fundamentals and translate them into compelling investment opportunities.
Evaluating potential investments, conducting thorough due diligence, and supporting portfolio companies on their new fundraising rounds.
Discovering social commerce market opportunities and developing execution strategies to build actionable and scalable blueprints for growth.
WHO WE ARE
Our unique expertise comes from being consistently exposed to new and developing industries, giving us a deep understanding of unique business models, proven growth strategies, and up-to-date industry trends.