Australia Smart Home Market is predicted to reach USD 8.48 Billion by 2030

According to the study by Next Move Strategy Consulting, the Australia Smart Home Market size is predicted to reach USD 8.48 billion, at a CAGR of 22.2% by 2030.

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The Australian government is spearheading various initiatives to promote smart home technologies, thereby propelling the smart home market expansion.

The growing adoption of Internet of Things (IoT) devices and increased investment in IoT infrastructure in the region are driving the Australia smart home market expansion.

Several market players operating in the Australia smart home industry include Honeywell International, Inc., Schneider Electric, ABB Ltd, Amazon, Loxone Electronics GmbH, Samsung, LG Electronics, Google Home, Hitachi, Ltd, Xiaomi Inc.