Research cited that the global smart home market is expected to reach US$151.4 billion by 2024, up from $76.6 billion in 2018. Growth is attributed to a number of factors, including the large base of internet users, the importance of home monitoring, and the need for better energy savings.
A wide range of companies have showcased new smart home systems and technologies at this year’s Consumer Electronics Show (CES), with lifestyle and security products dominating the offerings. Industry professionals has shared the key smart home trends in 2019.