Friday, 24 March, 2023

Adoption of IoT devices by urban Indians set to grow in 2022

<p>The Indian home automation market had a valuation of $1.79B in 2018, which is expected to reach $13.5B by 2026 with a CAGR of 29.8% during the forecast period. Home automation systems have seen increased demand due to concerns about safety and security in urban areas, according to Allied Market Research. The 5G tech, according to Madhav Sheth, CEO of RealMe India, will increase the security provided by smart home products.<br /> &nbsp;</p>