Remote Appliance Control to Drive $14B Smart Plug Market

The smart plug market is forecast to expand at a 30% compound annual growth rate to $13.99 billion by 2024 driven by demand for remote access to appliances, reported Technavio Thursday. A third of the growth will originate from North America, it said. Top players in the “fragmented” market include Belkin, D-Link, Edimax, Insteon, iSmart Alarm, Leviton, Panasonic, SDI Technologies and TP-Link, it said.