AI Powered Home Solution Market to Surge at a Robust Pace In Terms Of Revenue Over 2026
Artificial Intelligence (AI) involves the creation of intelligent machines that react and work like humans. It helps machines to learn from practice, fine-tune to new input, and thereby, perform human-like tasks. An AI powered home solution combines various sensor interfaces including facial or voice recognition, context-based suggestion, and responsive notifications in order to streamline and simplify decision making. As per the Cisco Visual Networking (VNI) Index study: Forecast and Trends, 2017–2022, the global machine to machine (M2M) connections are estimated to rise from 6.1 billion in 2017 to 14.6 billion by 2022 at a CAGR of 19% during the forecast period (2017 - 2022). Also, connected home applications including home automation, home security and video investigation, and tracking applications will represent nearly 48% of the total (machine to machine) M2M connections by 2022. This growing demand for home automation, security, and surveillance has boosted demand for AI powered ...