Ottawa, Feb. 14, 2023 (GLOBE NEWSWIRE) -- The smart home market size was estimated at USD 80.45 billion in 2022. Growing customer need for simplicity and a tailored experience, rising consumer awareness of safety and security, and expanding use of cloud-based technologies are key market drivers.
Key highlights
The home healthcare segment is growing at the highest CAGR of over 31% during the forecast period.
The wired protocols segment is growing at a CAGR of over 26%.
The Asia Pacific region is poised to grow at a CAGR of over 31% over the forecast period from 2022 to 2030.
The Europe smart home industry is growing at a CAGR of around 24% over the forecast period from 2022 to 2030.
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