vmrreports
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Sep 30, 2024, 7:41:17 AM via Website
Sep 30, 2024 7:41:17 AM via Website
According to Value Market Research, the global Smart Home Market size is expected to reach approximately USD 961.87 billion by 2032, up from USD 106.96 billion in 2023, reflecting a compound annual growth rate (CAGR) of 27.64% from 2024 to 2032. Key drivers of this growth include the increasing adoption of Internet of Things (IoT) devices, rising consumer demand for energy-efficient solutions, and advancements in home automation technologies. Additionally, the growing awareness of smart security systems and the convenience of remote home management are further propelling the market expansion.
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