Remote Home Monitoring Systems Market Size

Remote Home Monitoring Systems Market size was over USD 32.81 billion in 2023 and is expected to cross USD 206.48 billion by the end of 2036, witnessing more than 15.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of remote home monitoring systems is estimated at USD 36.8 billion.

Remote monitoring systems include a vast range of monitor and control home devices such as lights, windows, home appliances, security alarms, utility meters, thermostats, doors, and other devices, which is expected to drive market growth. Furthermore, the growth of the market can also be attributed to the rapid increase in the use of connected devices and smartphones. Additionally, the integration of IoT and wireless technologies in smart homes has also broadened the use of remote home monitoring systems in the recent years.