Smart Home Automation Market to Hit $444.98 Billion by 2030: Grand View Research, Inc.
The smart home automation market demand is primarily driven by the rapid adoption of lighting, entertainment, and security & access solutions in the residential sector.
- The smart home automation market demand is primarily driven by the rapid adoption of lighting, entertainment, and security & access solutions in the residential sector.
- Advanced technologies such as artificial intelligence, machine learning, and speech recognition, among others are expected to drive market growth.
- In addition, key market players have adopted various growth strategies such as partnerships and collaborations to provide technologically advanced solutions to create demand in the market.
- Grand View Research has segmented the global smart home automation market based on component, technology, application, fitment, and region
Smart Home Automation Market - Component Outlook (Revenue, USD Million, 2018 - 2030)