According to a report published by MARKETS AND MARKETS, a well-known market research company, global AI home appliance market will reach $122 billion. Annual growth rate will reach 14% from 2016 to 2022. AI home appliance products includes lighting, heating, security equipment, air conditioning, heat, etc.
Fahd, president of U.A.E retailer AXIOM Telecom, said that gulf states, particularly U.A.E. and Saudi Arabia, will play an important role in the rapid growth of global smart home market .
The report points out that digital transformation of household management through Internet will be an important step in building smart cities of the future.
