Smart home devices are shaping the environments of the COVID-19 generation2020-10-07

COVID is impacting current spends, with smart home tech purchases sliding from $52 billion in 2019 to $44 billion by year’s end, but as more consumers look for smart home solutions to enhance health and wellness the market will rebound handsomely. Strategy Analytics forecasts that consumer spending in the sector will leap back up to $62 billion in 2021 and continue to grow at a compound annual growth rate (CAGR) of 15%,reaching $88 billion in 2025.