Smart home IoT devices market to record 18% growth despite pandemic

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.

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