Smart Home Technology market size and scope
CEDIA have released an insightful report into the latest size, scope and trends of the UK Smart Home Technology market which has left us excited for what’s to come.
Over the last few years we have undoubtably seen a surge in the amount of smart technology being integrated into our homes with AV, entertainment, security, networking, control systems and more. However, the purpose of this research was to understand exactly how residential sales and the installations of these systems have changed over the last 12 months, in order to produce a true and accurate report of the UK residential installation industry and its future prospects.
The home technology industry is worth just under £700m
Security and multiroom audio systems have shown substantial growth over the last three years
80% of companies expect their revenue to grow over the next 12 months
On average, 70% of revenue is from residential projects
Taking this on board and having built a reputation for quality and service in this market we are excited and confident of our company’s continued success and expansion. To download the full report, click here.