According to a new report, published by KBV research, The Global Smart Home Services Market size is expected to reach $10.9 billion by 2028, rising at a market growth of 10.2% CAGR during the forecast period.
The IoT Services for Smart Appliances market is showcasing a CAGR of 9.8% during the forecast period. The installation and maintenance of smart appliances were routinely performed by homeowners to stay current and make home life easier, resulting in an enormous need for smart appliance services, which would propel the industry. IoT and AI cloud suite designed exclusively for Consumer durables and appliances manufacturers, OEMs, and ODMs.
The North America market dominated the Global Smart Home Services Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.8 billion by 2028. The Europe market is anticipated to grow at a CAGR of 9.7% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 10.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/smart-home-services-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Johnson Controls International PLC, Lumen Technologies, Inc., Comcast Corporation, Charter Communications, Inc., Telus International (Telus Communications Inc.), Vivint Smart Home, Inc., ADT, Inc. (Apollo Global Management, Inc.), Trane Technologies PLC, Rexel Group, and Calix, Inc.
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