Smart homes are smart business. According to GlobalData analysis the home automation market was worth $35.9bn in 2020, and will expand to $75.3bn by 2025 at a compound annual growth rate (CAGR) of just under 16%.
GlobalData’s report on the automated home makes the point that smart security and smart appliances ranging from TVs to fridges make up a significant portion of the overall home automation market in 2021. Smart speakers like Alexa make up the third largest segment: this is significant as...