Global Smart Home Market Report 2022: A $537 Billion Market by 2030 - Focus on Security & Surveillance, Lighting, Entertainment, Energy Management, HVAC, Smart Kitchen, Home Fitness & Wellness - ResearchAndMarkets.com
The rising focus on energy conservation and reduced carbon emissions are anticipated to drive market growth during the forecast period.
- The rising focus on energy conservation and reduced carbon emissions are anticipated to drive market growth during the forecast period.
- The improved regulatory initiatives by governments for deploying smart home devices to save energy are encouraging people to adopt these products, thereby significantly impacting the market growth.
- The security and surveillance application segment dominated the global market and accounted for the highest revenue share of around 31.0%.
- Increased penetration of smart digital assistants, such as Alexa and Google Assistant, among households for easy communication and entertainment has led to significant market growth.