Unless you know something I don't, I think you're completely incorrect on both counts. Z-Wave isn't going anywhere, just a few years ago the Z-Wave alliance published Z-Wave+ and more and more consumer devices have been coming to market. They're all over Home Depot (among other large retailers) and backed by very large brands [0]. All major hubs support it, and z-wave offers many specific technical and security advantages over WiFi with respect to automation.

Z-wave has a much smaller threat surface area and requires no internet. In fact, it requires no central controller at all, as you can have controllers in every room for scene automation. The internet connected hubs bring a lot of shiny features to the table, but they're completely unnecessary for local automation. Even better, communication forwarding is part of the design so you can have a controller hundreds of meters away from the thing you want controlled and as long as there are a couple of devices on the mesh between them it will work. We've seen how great WiFi repeaters are... plus WiFi on battery is basically a deal breaker, whereas you can have z-wave devices last two years on some AA batteries.

Z-Wave and Zigbee are both so much better than WiFi at automation that I can't even fathom why someone would suggest the opposite.

[0] https://en.m.wikipedia.org/wiki/Z-Wave