Smart Home Market Worth $163.7 Billion by 2028
The smart home market size is valued at USD 101.7 Billion in 2023 and is anticipated to be USD 163.7 Billion by 2028; growing at a CAGR of 10.0% from 2023 to 2028 according to a new report by MarketsandMarkets™. The key factors contributing to the growth of the smart home market include rising number of internet users and the increasing adoption of smart devices. Furthermore, the growth is being fueled by the rise in disposable income in developing economies.
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