North America Smart Home Market is predicted to reach USD 122.04 billion by 2030

According to the study by Next Move Strategy Consulting, the North America Smart Home Market size is predicted to reach USD 122.04 billion, at a CAGR of 16.7% by 2030.

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The rapid advancement of digitalization, combined with a strong emphasis on energy efficiency initiatives in countries such as the U.S. and Canada, propels the North America smart home market.

The growth of the smart home industry encounters a significant obstacle as security concerns loom over these interconnected systems.

The swift advancement of digitalization, paired with a robust emphasis on energy efficiency initiatives, propels the smart home market forward in the US. Increasingly, consumers are embracing connected home technologies to streamline convenience and command over their digitally interconnected daily routines.

Several market players operating in the North America smart home industry include LG Electronics, ASSA ABLOY, Amazon Inc., Samsung Electronics, Sony, Emerson Electronic Co., Johnson Controls International PLC, Centrica Connected Home Limited, Resideo Technologies Inc., Apple Inc., and others.