Too Long; Didn't Read
In 2020, 85% of Americans bought a smart home device in 2020, and three-quarters of them were 44 or younger. Smart TVs, smart speakers, smart thermostats, smart locks, smart smart plugs, smart plugs and smart whole water systems are all on the rise. Smart home tech spending reached new heights in 2020 according to a Safewise study. The US is currently the biggest smart home market, generating $28,86 million in 2021 so far. The global smart TV market is on track to exceed $292 million by 2025, as traditional TV will make way for larger screens.