According to the latest report of Research & Markets, the scale of global smart home market will grow by more than 121 Billion USD in 2022. A CAGR(compound annual growth rate) in 6 years between 2016-2022 will be over 14%.
The USA is the most advanced and mature smart home market. It begins to show an outbreak. Currently there are 4.6million home users installed smart home system, and this figure will increase by five times in 2020.
Currently smart home users in Japan is 0.4million, while in Germany, China and the UK, it is 0.3millon. To 2020, these 4 major smart home market users will grow to 3.3, 2.4, 2.1and 1.5 million, which shows a huge and potential market.
Smart video system, home automation systems and security area are important parts of smart home.
A rapid growth of Smart Video System
Home Automation System Ranks the next
A stable requirement on Smart Home Security
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