
Smart home devices are used to implement home automation systems that may include important electrical appliances used at home for establishing a communications network with such devices and for controlling such devices remotely. Smart home devices can also be used to monitor and access the data related to various home devices. By using smart home devices, users can easily monitor and control the home functions and multiple aspects associated with it. For instance, smart home devices can be used to control the lighting, temperature, various multi-media devices, security devices, as well as window and door operations. As per the estimates by Future Market Insights, revenue from the global smart home devices market is estimated to increase from nearly US$ 20 Bn in the year 2017 to about US$ 125 Bn by the end of the year 2027, exhibiting a CAGR of 19.7% during the period of assessment from 2017 to 2027.