Smart Home Market- Global Forecast 2024
Bharat Book Bureau Provides the Trending Market Research Report on “Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC, Entertainment, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, and Smart Furniture), Software & Services, and Region - Global Forecast to 2024” (https://www.bharatbook.com/marketreports/smart-home-market-by-product-lighting-control-security-access-control-hvac-entertainment-smart-speaker-home-healthcare-/135402) under Media & Technology Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
The smart home market is expected to grow at a CAGR of 12.02% from 2018 to 2024
The overall smart home market is expected to grow from USD 76.6 billion in 2018 to USD 151.4 billion by 2024, at a CAGR of 12.02%. The growth of the smart home market is driven by several factors, such as a large base of internet users and rapid adoption of smart devices; increased public awareness of fitness and healthy lifestyles owing to the highly disposable income in developing economies; high importance of home monitoring from remote locations; rise in the need for energy-saving and low carbon emission solutions; cost reduction measures enabled by smart homes; rapid proliferation of smartphones and smart gadgets; existence of various market players focusing on expanding their smart home product portfolios; and widespread concern about safety, security, and convenience.
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Last Update : 25 January 2019
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