A Statista report predicts that the revenue of the smart house technology market will reach US$24.8-billion this year, and will continue to expand at a 12.82% annual growth rate and reach around $47-billion by 2025. The same report found that there are over 175 million smart homes already in the world today, with that number obviously set to increase as the technology continues to become more mainstream.
“As consumers understand the features and benefits related to smart home tech, especially those that save them time and money, they’re beginning to seek them out in their own spaces,” said Aniel Jhingoeri, regional vice president for Europe, the Middle East and Africa sales and head of embedded platforms and digital endpoints at Radisys, a global leader of open telecommunications solutions. “Smart home devices help ease decision-making, solve daily challenges, and make life healthier and safer for homeowners.”
