The global smart home market is anticipated to grow at an exponential CAGR of 20.4% during the forecast period. An increase in the adoption of artificial intelligence technology and the Internet of things (IoT) in smart home devices is driving the growth of the smart home market across the globe. Manufacturing companies are upgrading their products and […]
Tag Archives: Smart Home Market
The global smart home market size is projected to reach USD 622.59 billion by 2028, there by exhibiting a CAGR of 29.3% during the forecast period. A smart home is a residence that uses devices connected to the Internet to enable remote monitoring and management of household appliances and systems such as lighting and heating.Smart home and smart building […]
The smart home market is valued at USD 7913 billion in 2020 and is expected to reach USD 31.395 billion by 2026 and grow at a CAGR of 25% over the forecast period (2021-2027). Home automation and smart home are two ambiguous terms used in connection with a wide range of solutions for monitoring, controlling […]