trategy Analytics forecasts global consumer spending in 2021 on smart home products and services will break through the $100 billion mark after falling short in 2020 due to the pandemic. he market will continue grow to $173 billion in 2025 when nearly 20% of all households globally have at least one smart home product in use up from 15% by the end of 2021. Security systems are driving growth in the US and in Western Europe surveillance cameras, smart bulbs and electrical devices are driving smart home adoption.

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