Smart home investments might surpass 130 000 million in 2024
Advancements in Industry 4.0 and IoT facilitate the development of smart homes. The integration of connected objects in automated systems will give a boost to the smart home industry. According to the study MarketsandMarkets, in 2024 global investment will approximately reach 130 000 million.
The fall in the price of internet makes the development of smart homes more accesible because it puts a reasonable price on the implementation of connected systems in homes.
Technology is the path chosen by businesses and clients, because it is an effective way of increasing comfort, security and energy efficiency of homes.