🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Pods

Back

P sai Krishna

Hey I am on Medial • 4m

Apple now seems to be aggressively pushing into the smart home market to diversify its revenue streams, as the company is reportedly working on a smart doorbell device with the capability to unlock using the user's Face ID. If you're wondering why the iPhone maker is pushing into the smart-home tech sector, let's look at the industry data. According to Statista's data, revenue in the smart home market is projected to reach $6.5 billion in 2024. The market is expected to grow at an annual rate of 8.59% (CAGR from 2024-29), resulting in a projected volume of $9.8 billion by 2029. As per the forecast, household penetration will reach 77.4% in 2024 and is expected to grow to 87.7% by 2029. However, this market is not going to be easy for Apple, as other tech giants like Google and Amazon have already established a strong presence with their various products, including smart doorbells - Google Nest and Amazon Ring, respectively. .

4 replies1 like

Replies (4)

Anonymous 3

Hey I am on Medial • 4m

Yep can defnitely be done. Haven't seen one clear winner with a wide enough ecosystem to cover all aspects in this space.

0 replies

Anonymous 2

Hey I am on Medial • 4m

Face ID for your door now? And then will the door fold and open? 😂

0 replies

Anonymous 2

Hey I am on Medial • 4m

[This post has been removed because it does not comply with our rules]

0 replies

Anonymous 1

Hey I am on Medial • 4m

Its about time i think. SHould've done years ago tbh

0 replies

Recommendations from Medial

Mahendra Lochhab

Content creator • 9m

The Online Food Delivery market in India is projected to reach a revenue of US$43.78bn in 2024. It is expected to show an annual growth rate (CAGR 2024-2029) of 15.98%.

1 replies17 likes

Mahendra Lochhab

Content creator • 6m

India's Sustainable Home Decor market size was valued at USD 14.78 billion in 2021 and is expected to reach USD 21.18 billion by 2029, at a CAGR of 4.6% from 2022 to 2029.

2 replies1 like

Mahendra Lochhab

Content creator • 6m

The hotel industry in India is growing, with the market size projected to reach $31.01 billion by 2029.

0 replies2 likes

Mahendra Lochhab

Content creator • 9m

The hardware and building materials market in India is expected to generate $160.90 billion in revenue in 2024, with a projected annual growth rate of 1.64% from 2024 to 2028.