19/07/2020
The global market for smart home IoT devices is expected to record an 18% growth between 2020 and 2029, according to research firm Guidehouse Insights.
The smart home IoT devices market is expected to expand revenue generation from $24.8 billion per annum in 2020 to $108.3 billion in 2029.
The pandemic is dampening near-term market growth but is driving more interest in smart home products that enhance health and wellness.
While sales in 2020 have not been as robust as previously anticipated, more consumers are finding value in connected products that can deliver convenience, energy efficiency, and greater security.
The global market for smart home IoT devices is expected to record an 18% growth between 2020 and 2029, according to research firm Guidehouse Insights.