The smart, intelligent home, promising state-of-the-art comfort and convenience is no longer a pipe dream – it has become a living reality. That’s why the 2019 IFA featured a special exhibition segment dedicated to this category: IFA Smart Home.
More than 70 international companies presented their groundbreaking connected home solutions at IFA Smart Home 2019 in an 13,000 square foot exhibition area dedicated exclusively to this burgeoning category.
From digital home control using speech, gestures and expressions to intelligent security systems and smart grids, visitors were able to experience the latest smart home solutions first-hand.
Backing up all this excitement are some fairly revealing numbers, as according to Statista, revenue in the Smart Home market reached $23.5 billion in 2019 (up 15.4% from 2018). And the overall smart home market is expected to grow from $76.6 billion in 2018 to $151.4 billion by 2024, at a CAGR of 12%, according to a recent report from research firm Markets and Markets. Lastly, Dream Home Inspection claims the average monthly savings from using smart home products is $98.30, which adds up to an average of $1,179.60 per year.
Join us for IFA Smart Home 2020!
The buzz generated by the smart home category at IFA 2019 was tremendous and IFA 2020 promises even more excitement surrounding the technology that is taking the connected home sector to new heights.