May 25, 2020

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HOME REGIONS Russia & CIS › Russian smart home market to hit US$2.3 (...)

Russian smart home market to hit US$2.3 billion by 2023

Market research from Statista has highlighted the huge growth opportunities in the Russian smart home segment. Sales in the smart home market are forecast to hit US$609m in 2019, with an annual growth rate of 40.4% driving the overall market value to US$2.37 billion per annum by 2023. Household penetration of smart home solutions stands at just 2.8% in 2019, but is projected to climb to 10.7% by 2023. Read full story

by Stuart Wilson, Tuesday 19 March 2019

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