The market for smart home technology continues to grow at a rapid pace. Research from Statista shows that revenue in the European smart home market is projected to reach £18,504m in 2021, growing to £31,682m by 2025, by which time there will be over 97m smart home users.
Across the board, from home automation to smart kitchen appliances and voice assistant-enabled lighting, consumer electronics companies are using the Internet of Things (IoT) to connect everyday devices to the cloud, bringing new opportunities and control for consumers.