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Author: Jack Narcotta
Publication Date: Nov 19 2020
Pages: 7
 Report Type: Insight, Word

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Smart Home

Does Wyze Have What It Takes to Stay in the Smart Home Game?



Report Summary:

Wyze has done an impressive job of using inexpensive devices to open doors to the smart home for consumers, and the company has sold millions of devices and in 2020 has expanded its portfolio to include a thermostat, video doorbell, lock, and water sprinkler controller.

What is much less clear is how Wyze, or any company seeking to rely on low-cost smart home devices, will be able to sustain their business models without subscription-based services that provide the more robust profits required for these companies to stay in the smart home market.

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