Markets and Markets published a study that reveals that the market of smart homes will, in the next 5 years, move more than 150,000 dollars, a figure similar to the Spanish GDP.

The market of smart homes is forecasted to have enormous short-term growth, making this business into one of the most up and coming in the next few years. In fact, the estimated figure from this recent study by Markets and Markets is 132,000 million Euros in the next 5 years, an amount which corresponds to, approximately, 12% of the Spanish GDP.
"The market of smart homes has seen a substanial increase in the last few years and they are trying to continue with a double digit rate", indicates Lucas Galán, director of innovation and product at the developer Neinor Homes.
The real estate company estimates that the market will continue growing at a steady rate thanks to the popularity of Internet offers and other devices. The current growth of the Internet in homes is another key to this growth. This is a direct consequence of the end consumer using technology for comfort and security in the homes.
According to Tyco, a leading company in home security and protection, the reasons why the digital consumer decides on a Smart Home is mainly to manage control of the house remotely, energetic efficiency, cost savings and the concern for security and comfort of their own family.
The development of smart homes will grow, tied to the challenge of integrating the increasing number of devices into the domotic system. The revolution of the industry 4.0 and the IoT are big challenges facing the Spanish industry, specifically the manufacturers of control systems and automatization for homes and buildings. All of this, without forgetting the complexity of socio-economic and environmental challenges facing our society in the near future.