Smart home solutions for aging population
Develop smart home devices and technologies tailored for the needs of the aging population, such as voice-activated assistants, fall detection systems, and medication reminders. These solutions would enhance safety and independence for the elderly.Market size: The global smart home market was valued at $79.13 billion in 2020 and is expected to reach $313.49 billion by 2027, growing at a CAGR of 19.1% from 2020 to 2027.