ICT and Media Business News Smart Homes Market Insights by Forecast to 2023 | Page 3

Smart Homes Market
Geographically, North America has been the largest market for smart homes; whereas, the market is expected to
witness the fastest growth in Asia-Pacific, during the forecast period. The anticipated high growth in Asia-Pacific
can be attributed to factors such as advancement in home automation technologies, rapid growth in industry
digitalization, new technological developments in telecom industry, along with setting up of advanced hardware
and software manufacturing units, and increasing adoption of data analytics across industries in the region.
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