Smart Home as a Service Market is Anticipated to Grow at A CAGR of 15.4% From 2022 to 2032, Future Market Insights Inc.
NEWARK, Del., July 26, 2022 /PRNewswire/ -- The Smart Home as a Service Market revenues were estimated at US$ 5.5 Bn in 2021 and is anticipated to grow at a CAGR of 15.4% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 27.2 Bn. Integrated smart home as a service demand is projected to accelerate at over 16% during 2022 – 2032.
- Increasing need for monitoring and robust security at home has been shaping the growth of smart home as a service market.
- Integrated smart home as a service demand is projected to accelerate at over 16% during 2022 2032.
- As a result, the increased security provided by smart homes is likely to drive the worldwide smart home as a service market over the forecast period.
- Global Smart Home as a Service Market is estimated to reach a valuation of US$ 6.5 Bn by 2022.