European Smart Home Market by Product, Software & Services | COVID-19 Impact... - 0 views
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Esther Jarrell on 22 May 20European Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC, Entertainment & Other Control, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, and Smart Furniture), Software & Services - Forecast to 2024 SPEAK WITH EXPERTS : https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1290 The European smart home market is expected to grow from USD 22.8 billion in 2018 to USD 44.0 billion by 2024 at a CAGR of 11.6%. The growth of the market is driven by factors such as growing number of internet users and increasing adoption of smart devices in Europe; increasing awareness about fitness; increasing importance of home monitoring in remote locations; rising need for energy-saving and low carbon emission-oriented solutions; cost reduction measures enabled by smart homes; rapid proliferation of smartphones and smart gadgets; large number of manufacturers expanding their European smart home market product portfolios; and growing concern about safety, security, and convenience among people.