Smart Home System is basically a set of devices on your home, which are all connected to one another via the internet.
In other words, your home will be linked to the internet, enabling you to monitor your home on your smartphone from anywhere, as long as you have an internet connection. A smart home is a house which is equipped with connected devices that can be programmed and controlled remotely via a smartphone or computer.
For example, a smart home enables remote control of lighting, temperature, multi-media, security, window and doors, and many other functions. The most common protocols are Z-Wave, Zigbee, WIFI, LoRa, Matter and cloud to access features like voice control.
The global European smart home market in terms of revenue was estimated to be worth USD 26.7 billion in 2022 and is poised to reach USD 41.2 billion by 2027, growing at a CAGR of 9.0% from 2022 to 2027. The new research study consists of an industry trend analysis of the market.