Smart Home Hardware Market size is estimated to reach USD 50,272.7 million by 2028
Smart Home Hardware Industry Overview The global smart home hardware market size was valued at USD 21.81 billion in 2021 and is expected to witness a CAGR of 12.7% from 2022 to 2028. The growing adoption of smart home devices and the rising importance of home monitoring systems are the key factors driving the smart home hardware market. Moreover, the rising development of broadband and increased usage of smartphones to control smart devices remotely are other factors that drive the market demand. COVID-19 outbreak positively impacted the smart home hardware market. The market has witnessed a considerable surge, as was largely used for remote monitoring of patients during the COVID-19 pandemic. Gather more insights about the market drivers, restrains and growth of the Global Smart Home Hardware Market Smart home hardware are the devices that act as the central point of the smart home system and can process and sense data and communicate wirelessly. It i...