Report ID: SQMIG45I2065
IOT Smart Homes Market Size, Share, Growth Analysis, By Product(Security & Access Controls, Lighting Control, Entertainment Devices, HVAC), By Protocols(Wireless Protocols, Wired Protocols, and Hybrid), By Application(New Construction, and Retrofit), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45I2065 |
Region:
Global |
Published Date: February, 2024
Pages:
233
|
Tables:
95 |
Figures:
76
IOT Smart Homes Market Regional Insights
During the duration of a forecast, North America is anticipated to dominate the market. The increasing demand for dependable and affordable home management systems, including cutting-edge safety and security systems, improving device standards, and rising demand for integrated smart devices, such as tablets, voice assistants, and loT-enabled devices, are the main factors driving the regional market. North America has more homes with these systems and appliances than other regions, which is the main factor driving the region's higher revenue for product and software providers.
Over the forecast period, the Asia Pacific region is expected to see a CAGR of much more than 30%. The increasing standard of living and more disposable income in the area are the factors responsible for the market expansion. The region's market is expected to be influenced by the quick uptake of smartphones, the internet, and other technologically advanced devices. Additionally, the use of AI-based digital assistants for daily tasks, like Siri and Alexa, has a significant impact on market growth.
IOT Smart Homes Market Report Snapshots
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