Favourable government initiatives towards energy efficiency, a resurgent construction sector, and the rise of the Internet of Things (IoT), will turn the Middle East smart home market into a US$1.86 billion dollar industry by 2022, according to a recent study.
The Middle East Smart Home Market report, authored by analysts TechSci Research, said demand for smart lighting, HVAC, security and access control, entertainment, and other IoT-connected home devices will grow 28 percent annually, with revenues more than tripling in value from an estimated US$536 million in 2017.
