What Are the Top 5 Growth Opportunities in the Smart Homes Industry?
Artificial intelligence (AI), the Internet of Things (IoT), augmented reality (AR), and virtual reality (VR) to elevate consumers’ connected living experience to the next level
Overview
This analysis explores the smart home landscape. The smart homes sector is undergoing a multilayered evolution and is poised for robust growth in 2024. Key growth drivers include the rising demand for smart home devices providing safety, security, and comfort; enhanced energy efficiency and cost savings; greater adoption of tech-driven products and high-speed Internet connectivity; and the shift toward innovative business models.
What are the top developments and strategic imperatives that your team can capitalize on?
How can your organization identify new growth opportunities and leverage them?
Which best practices will have the maximum impact on this ecosystem?
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