India Smart Home Market is predicted to reach USD 15.31 Billion by 2030

According to the study by Next Move Strategy Consulting, the India Smart Home Market size is predicted to reach USD 15.31 billion, at a CAGR of 22.6% by 2030.

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The rapid urbanization in India coupled with the expanding middle-class population and increasing disposable incomes, serves as a significant growth driver for the smart home market.

India's accelerating digitalization and widespread smartphone usage lay the technological groundwork for the expansion of the smart home market.

Several market players operating in the India smart home industry include Honeywell International, Inc., Schneider Electric, ABB Ltd, Amazon, Samsung, LG Electronics, Google Home, Somfy, D-Link Systems, Inc., Xiaomi Inc.