Smart homes catch on, market may grow 30% year-on-year

With the growing influence of technology and digitisation, the concept of smart homes is gaining popularity and is likely to grow at 30 per cent year-on-year, potentially ensuring the market will double in revenue every 3 years, a recent survey revealed.
According to a study conducted by Schneider Electric India, high awareness among consumers about smart homes, which is almost universal in metros and upper-end segments, will drive the growth for smart home solutions in future.
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