What is the growth rate of the Smart Home Market?
The Smart Home Market is expected to grow at a CAGR of 13.52% from 2023 to 2030
What are the key drivers of the smart home market growth?
Rising internet penetration, increasing adoption of smart devices, growing smart cities, and sustainability concerns are key drivers of the smart home market growth.
Which region has the largest share of the global smart home market?
North America currently holds the largest market share due to high disposable income and early adoption of new technologies.
Who are the major players in the smart home market?
Global giants like Honeywell, Siemens, and Johnson Controls lead the market, alongside tech giants like Amazon, Apple, and Google.