The integration of technology into the home has been going on for decades, but it has kicked into high gear over the last few years, thanks to the boom in connected devices. From thermostats to door locks to smoke alarms, the smart home trend is only going to continue to intensify.
In fact, the Global Smart Home Industry is estimated to grow at a CAGR of 13.08% over the next several years to reach USD 124.57 Billion by the year 2025 . The North America region holds the highest Industry share and Asia-Pacific Industry is considered as the fastest growing industry in the forecasted period.
Below are the top five trends to watch in-home technology over the next several years.