The #smarthome market size is valued at USD 101.7 Billion in 2023 and is anticipated to be USD 163.7 Billion by 2028; growing at a CAGR of 10.0% from 2023 to 2028. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=121 The key factors contributing to the growth of the smart home market include rising number of internet users and the increasing adoption of smart devices. Furthermore, the growth is being fueled by the rise in disposable income in developing economies. Asia Pacific to grow at the fastest CAGR during the forecast period The Asia Pacific smart home market presents a high growth potential, primarily due to robust economic growth, rapid urbanization, and a increasing population, leading to an advanced infrastructure. The growth of Japan and South Korea in the market is attributed to their leading position in technological advancements in smart homes. The factors driving the market growth in the Asia Pacific region include evolving lifestyles, increased disposable income, rising geriatric population, increasing demand for smart building infrastructure in developing economie a large consumer base, and rapid technological advancements in smart home products. Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), and ASSA ABLOY (Sweden) are the major players in smart home market. These players have implemented various strategies to extend their global reach and enhance their market shares. https://www.marketsandmarkets.com/Market-Reports/smart-homes-and-assisted-living-advanced-technologie-and-global-market-121.html