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Tag: Global smart home market


Double-digit growth predicted for home monitoring and security devices

Monitoring

Double-digit growth predicted for home monitoring and security devices

March 29, 2021SSN Staff

NEEDHAM, Mass.—Worldwide shipments of smart home devices are forecast to surpass 1.4 billion in 2025 with a five-year compound annual growth rate (CAGR) of 12.2 percent as consumers seek out additional conveniences brought about by home automation products and ambient computing, according to the International Data Corporation (IDC). Home monitoring and security devices, which represents 20.5 percent of the market share, are estimated to grow at an even more impressive CAGR of 13 percent...

Global smart home market, IDC, Smart Home Monitoring


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On The Editor's Desk

US leading the global smart home market

February 5, 2020Paul Ragusa, Editor

The influence of the smart home on security is well documented, as consumer awareness of what is available in the home, from security to home automation to energy savings, continues to drive the purchase of smart home and security products, services and support. The latest research on the smart home shows the U.S. is leading a global smart home market that is estimated to climb from $91 billion this year to $158 billion by 2024, growing at a CAGR of 15 percent in the next four years, according to...

Global smart home market, PreciseSecurity.com


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