Smart Home Platforms Market size is expected to reach USD 46.85 million by 2028
Smart Home Platforms Industry Overview The global smart home platforms market size was valued at USD 20.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.9% from 2022 to 2028. Enhanced experience gained by the customers due to the incorporation of smart home platforms is increasing their adoption, hence driving the market. Additionally, the usage of smart home platforms enables remote controlling of smart home functions, which is another factor that drives the market. The COVID-19 outbreak positively impacted the market growth. Significant growth has been observed due to the increasing demand for and usage of smart home platforms during the COVID-19 pandemic. Gather more insights about the market drivers, restrains and growth of the Global Smart Home Platforms Market Smart home platforms or IoT platforms for smart homes are software applications that connect with connected devices or smart devices and can communi...