Berg Insight, the M2M/IoT market research provider, released new findings about the market for connected security applications.
In key geographic markets, smart home device sales will reach 356.3 million units annually in 2024, accounting for 80.2 million total smart homes. This represents an installed base of 1.33 billion smart home devices, with annual sales revenue of $21.3 billion (€18.99 billion) in 2024.
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