Smart home IoT devices market to record 18% growth despite pandemic
The global market for smart home IoT devices is expected to record an 18% growth between 2020 and 2029, according to research firm Guidehouse Insights.
The smart home IoT devices market is expected to expand revenue generation from $24.8 billion per annum in 2020 to $108.3 billion in 2029.
The pandemic is dampening near-term market growth but is driving more interest in smart home products that enhance health and wellness.