Market Overview
The DIY smart home market industry is projected to grow from USD 5.67 Billion in 2023 to USD 46.879 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 30.20% during the forecast period (2023 - 2032).
Trade analysts believe that the COVID-19 crisis can be a boon for online purchasing platforms, since people are homebound and are on the lookout for IoT-based products that can help them stay entertained, and also boost their smart home capabilities.
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