The global 𝐒𝐦𝐚𝐫𝐭 𝐇𝐨𝐦𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 is projected to reach 𝐔𝐒𝐃 𝟒𝟔𝟐.𝟗𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 by 2030, growing at a 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐚𝐧𝐧𝐮𝐚𝐥 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟏𝟗.𝟒%. This growth is significantly driven by rising disposable incomes, which enable consumers to invest in smart technologies that improve their quality of life.
The global 𝐒𝐦𝐚𝐫𝐭 𝐇𝐨𝐦𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 is projected to reach 𝐔𝐒𝐃 𝟒𝟔𝟐.𝟗𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 by 2030, growing at a 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐚𝐧𝐧𝐮𝐚𝐥 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟏𝟗.𝟒%. This growth is significantly driven by rising disposable incomes, which enable consumers to invest in smart technologies that improve their quality of life.
Smart Home Market Size and Share | Statistics – 2030
The smart home market was valued at USD 121.36 Bn in 2023, and is expected to reach USD 462.94 Bn by 2030, due to the growing penetration of IoT devices.
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