Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 80.41 Billion | USD 206.32 Billion | 12.50% | 2023 |
FrequentlyAsked Questions
Smart home solutions are modern-age, intelligent electronic devices in a home setting that are controlled using the internet with the aid of a tablet or a smartphone.
The global smart home solutions market is expected to be driven by the changing consumer lifestyle worldwide.
According to study, the global smart home solutions market size was worth around USD 80.41 billion in 2023 and is predicted to grow to around USD 206.32 billion by 2032.
The CAGR value of the smart home solutions market is expected to be around 12.50% during 2024-2032.
The global smart home solutions market will be led by Europe during the forecast period.
The global smart home solutions market is led by players like Honeywell Home, Samsung SmartThings, Vivint Smart Home, August Home, Google Nest, Philips Hue, Amazon Alexa, Ring, Apple HomeKit, Eufy, LG ThinQ, Ecobee, Sonos, ADT and Arlo.
The report explores crucial aspects of the smart home solutions market, including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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