Global Smart Home Market Opportunities & Forecast 2016-2025 Global smart home market reached at USD 48.7 billi

Global smart home market reached at USD
48.7 billion in 2016-GMI Research
Posted by Sarah Nash March 14, 2018 in Information Communication Technology
According to GMI Research report, “Global Smart Home Market By Application
and By Geography – Opportunities & Forecast 2016–2025”, the global smart home
market was estimated to be USD 48.7 billion in 2016 and is projected to reach
USD 125.9 billion by the end of 2025, exhibiting a CAGR of 11.1% during the
forecast period. The key factors driving growth of the market are rise in the
internet of things, increasing penetration of energy-efficient systems and
solutions as well as growing demand for real time home security solutions and
consumer electronics worldwide.
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