As an indispensable part of the Internet of Things industry, smart homes have become the most surging wave of the Internet of Things wave due to their close proximity to real life.

Smart homes are constantly developing and innovating, but our understanding of the industry has not been innovative. Here, what we call innovation is not simply network connectivity as you think.

Dialectically speaking, from the perspective of smart home A, we can see that people's acceptance is constantly increasing, but from the perspective of B, people's understanding has not kept up with the development of the industry.

1. Market of 581.93 billion yuan in 2020

According to the "Market Outlook and Investment Strategy Planning Report for China's Smart Home Equipment Industry" released by the Forward Industry Research Institute, statistical data shows that

The global smart home market size in 2017 was 35.7 billion US dollars;

The compound annual growth rate between 2018 and 2023 is 26.9%;

It is expected to reach 150.6 billion US dollars by 2023.

In 2016, the scale of China's smart home market reached 260.85 billion yuan;

In 2017, the size of China's smart home market reached 334.23 billion yuan, a year-on-year increase of 24.8%.