Smart homes are gaining traction in Nigeria due to advancement of technology but with frequent power failure and low internet penetration the wave is slowing compared to peers.
The global smart home market is one of the fastest-growing sectors in technology and real estate driven by advancements in Internet of Things (IoT), artificial intelligence (AI), and automation.
The industry is expected to surpass $205 billion by 2026, up from about $79 billion in 2020, according to reports.