European Smart Home Market: Size, Outlook, Trend and Forecast 2024
Bharat Book Bureau Provides the Trending Market Research Report on "European 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” (https://www.bharatbook.com/marketreports/european-smart-home-market-by-product-lighting-control-security-access-control-hvac-entertainment-other-control-/437965) under Media & Technology Category. The report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
European Smart home market expected to grow at a CAGR of 11.58% between 2018 and 2024
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 11.58%. The growth of the European smart home market is driven by factors such as the 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 smart home product portfolios; and growing concern about safety, security, and convenience among people.
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Last Update : Apr 18, 2019 2:20 AM
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