Data Bridge Market Research analyses that the market is growing at a CAGR of 17.7% in the forecast period of 2020 to 2027 and expected to reach USD 111,470.78 million by 2027. The strong economy and increased spending on smart products from the U.S. based customers is one of the major factors behind the strong growth of smart home market. The companies are expanding their reach as well as offering for the customers which further supplementing the market growth.