The Smart Home and Office Market, valued at USD 34.98 billion in 2023, is projected to reach USD 98.35 billion by 2032, growing at a CAGR of 12.17%. Key drivers include rising demand for energy-efficient and automated solutions, with lighting controls and surveillance products leading the market. North America dominates, while Asia Pacific is the fastest-growing region due to urbanization and a rising middle class. Innovations in IoT and AI are enhancing product offerings, focusing on user convenience and security.
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