A report by Technavio forecasts that the smart home market will grow to $6.94bn by 2019 in the UK . The UK's government has set a target of having one million homes connected with an internet connection by 2020. It concludes by saying that convenience, security, accessibility and efficiency of smart home technology are the primary driving forces behind the forecasted CAGR of 24.39% over the next four years. The national smart meter roll-out, under which all households must have a smart meter by 2020, is expected to boost the smart home market as well.
A report by Technavio forecasts that the smart home market will grow to $6.94bn by 2019 in the UK . The UK's government has set a target of having one million homes connected with an internet connection by 2020. The national smart meter roll-out, under which all households must have a smart meter by 2020, is expected to boost the smart home market as well.