The global smart homes space is projected to reach $405.94 billion by 2030 at a compound annual growth rate of 9.3% from 2024, fueled by demand for convenience, energy efficiency, security, and comfort, alongside rising disposable incomes, urbanization, and the proliferation of IoT-enabled devices.

The demand for sustainability drives the adoption of energy-efficient appliances, such as smart washing machines, air conditioners, lighting, thermostats, and home energy monitors, aligning with eco-conscious consumers. The Matter standard enhances interoperability, fostering industry convergence.

• How are factors like rising energy costs, improved comfort, and the demand for personalization driving growth opportunities in the smart homes landscape?
• How will decreasing costs influence the mass adoption of AI-powered voice-activated smart home devices and whole-home automation systems, transforming this space?
• How is collaboration among platform providers, ecosystem specialists, solution providers, and networking intelligence experts enhancing the smart home experience and paving the way for growth?