Smart Home Leader Plume Reaches 20 Million Active Households
Over 150 of the world's leading communications service providers have turned to Plume for secure hyperconnectivity and personalized smart home services
PALO ALTO, Calif.: Personalized Smart Home Services pioneer Plume®, has announced record growth and adoption of its portfolio of advanced Smart Home Services and Communication Service Provider (CSP) applications, which now power more than 20 million active households around the world. Through 2020, Plume has been scaling rapidly and is currently averaging approximately 1 million new home activations each month, at an accelerating rate. This comes at a time when industry commentators are predicting a sharp increase in Smart Home Services sector growth, fueled by the work-from-home movement coupled with consumers' insatiable appetite for hyperconnectivity and personalization.
"We're forecasting exponential growth in the smart home market with yearly revenues from connected devices and associated services reaching nearly $263 billion by 2025," said Anirudh Bhaskaran, Senior Industry Analyst at Frost & Sullivan. "We believe that service providers are best placed to capitalize on this market opportunity and evolve beyond providing connectivity alone, to build compelling offerings inside the home to increase ARPU and retain customers."
Today, more than 150 CSPs rely on Plume's cloud-based Consumer Experience Management (CEM) Platform to elevate subscribers' smart home experiences, increase ARPU, reduce OpEx, and cut churn. Plume's rapid growth has been fueled by the independent CSP sector, where the company has added over 100 new customers in 2020 alone, across North America, Europe, and Japan.
