Report ID: SQMIG45I2100
Report ID:
SQMIG45I2100 |
Region:
Global |
Published Date: August, 2024
Pages:
197
|
Tables:
67 |
Figures:
77
Asia Pacific would have the fastest compound annual growth rate (CAGR) throughout the projection period. This expansion is attributed to the region's population's growing standard of living and disposable income. The region's market is expected to grow due to the widespread use of smartphones, the internet, and other high-tech devices. Furthermore, the trend of using AI-powered digital assistants for everyday tasks, such as Siri and Alexa, has a significant effect on industry growth.
Europe is expected to grow at a steady CAGR between 2023 and 2030. The key businesses in this region include Robert Bosch GmbH, Legrand, Schneider Electric SE, Siemens, and ABB, and their presence in the region makes it expand. Other than this, tech-savvy population, high GDP, and higher standards of living will also develop smart home devices and technologies, which will further boost the regional market. Additional government regulations encourage innovation.
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Report ID: SQMIG45I2100