Global Ambient Assisted Living and Smart Home Market Report 2023: Sector is Expected to Reach $645.19 Billion by 2030 at a CAGR of 29.7% - ResearchAndMarkets.com
With the rise of digital assistants like Alexa, Google Assistant, Siri, and Bixby, smart home devices can be operated and controlled using voice commands.
- With the rise of digital assistants like Alexa, Google Assistant, Siri, and Bixby, smart home devices can be operated and controlled using voice commands.
- These virtual assistants' offer features, such as control Bluetooth connectivity and hands-free channel browsing are driving the market growth.
- Based on the ambient assisted living type, the safety & security segment held the largest revenue share of 20.9% in 2022.
- The compensatory impairment segment is expected to witness the highest CAGR rate of 30.9% during the forecast period.