Smart homes and home automation

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<publisher>Berg Insight</publisher>
<dateIssued>2024</dateIssued>
<edition>11th edition</edition>
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<abstract displayLabel="Summary">Despite a slowdown in 2023, the outlook for the smart home market in the coming years is positive. Connectivity adds several benefits to the most commonly used products and systems in the home, including home security systems, door locks, indoor climate control devices, lights, irrigation systems, home appliances and entertainment solutions. The ability to view information and manage various settings of the home from remote enables energy and cost savings, enhances security and safety, and provides convenience for homeowners. In several product categories connectivity is now becoming a standard feature and consumers are increasingly expecting new products to be smart and connected. </abstract>
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