Smart-home and smart-city markets are on a huge growth path, placing new pressures on designers for advanced features and functionality. It also means that designers of smart devices are faced with bigger technology and time-to-market challenges. The smart-home market size is expected to grow from $80.5 billion in 2022 to $581.9 billion by 2032, at a compound annual growth rate (CAGR) of nearly 22[%] over the forecast period of 2023-2032, according to Precedence Research.