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Global Smart Home Market Report 2018: Trends, Forecast and Competitive Analysis 2012-2023 by Application, Type, Technology & Region
2018/02/14
February 12, 2018
 The global smart home market is expected to reach an estimated $107.4 billion by 2023 with a CAGR of 9.5% from 2018 to 2023.
 
The future of the smart home market looks attractive with opportunities in the home safety and security, appliance, entertainment, lighting, HVAC, healthcare, and kitchen applications. The major growth drivers for this market are increasing awareness related to safety and security, increasing consumer need for simplicity and personalized experience, and the growing adoption of cloud-based technologies.
 
Emerging trends, which have a direct impact on the dynamics of the smart home industry, include development of voice assistant technology for high-end automated households, emergence of air quality sensor devices that measure volatile organic compounds (VOCs), and growing adoption of video enabled drones.
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