GCC smart home market to reach $3.4bn by 2025

UAE will lead the GCC’s smart home technology market.

Share
The GCC market is predicted to swell to $3.4billion by the end of 2025.
The GCC market is predicted to swell to $3.4billion by the end of 2025.

The UAE will lead the GCC’s smart home technology market, so states a report by Business Wire.

The GCC market is predicted to swell to $3.4billion by the end of 2025, with the UAE market estimated to grow at a CAGR of 14.8% over the next two years.

Related

“With the GCC’s reputation as an early technology adopter, it is envisaged it could well emerge as a market leader for ‘domotics’,” said Andreas Rex, show director at Messe Frankfurt Middle East, which organises Intersec, a trade fair for security, safety and fire protection which will be held in Dubai in January 2020.

READ: Etihad first airline to raise funds for sustainability project

“Using the internet of things (IoT) technology, the GCC’s smart homes will utilize automation to simplify and secure home environments.

“In many cases it will no longer be optional for developers to include the latest advanced technology for building fire and security, it will be subject to increasing regulation.

“With the issue of climate change and the drive towards meeting sustainable development goals, it is vital that technology is leveraged to influence the way we live.”

For the latest MEP news from the UAE, Gulf, and around the world, follow us on Twitter and LinkedIn.

Most Popular

Sign up for Newsletter

Digital Edition

Read The Edition Here