The Smart Home market is a subset of the Internet of Things (IoT) and Machine-to-Machine (M2M) industries. It is focused on the development of connected home devices and systems that enable users to control and monitor their home environment remotely. These systems typically include connected lighting, security, heating, and air conditioning systems, as well as home entertainment systems. Smart Home systems are designed to provide convenience, energy efficiency, and safety to users.
The Smart Home market is growing rapidly, driven by the increasing availability of connected devices and the growing demand for convenience and energy efficiency. The market is also being driven by the increasing adoption of voice-activated virtual assistants, such as Amazon Alexa and Google Home.
Some of the major companies in the Smart Home market include Amazon, Google, Apple, Samsung, Nest, Honeywell, and Philips. Show Less Read more