28/04/2020
The global Smart Home market has been hit hard by the Pandemic!
Amid the continued fallout of the coronavirus crisis, the global smart home market is expected to fall nearly $20 billion short of revenue expectations in the year 2020.
According to a global market survey, the Smart Home industry will solely generate $101.1 billion in 2020, down from the predicted forecast of $120.6 billion.
Overall, despite the diversity of smart home ecosystems, supply chain challenges, combined with a restrained consumer market and installation and service delays, can further slow down the adoption process of smart home technology by consumers in the year 2020.
We at Ener-J Smart Home Automation, hope that everything stabilizes after the pandemic gets over. As we believe, every individual must experience the comfort of living in a Smart Home environment.