The Smart Indoor Garden Systems Market is being driven by Rising demand for IoT-based smart home garden watering systems
The Smart Indoor Garden Systems Market is expected to grow at a CAGR of 9.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1332.9 million. In response to the decreasing availability of garden space in urban areas due to rapid urbanization, there has been a surge in the adoption of innovative gardening solutions, particularly vertical gardens. These space-saving alternatives offer numerous advantages, including protection from air pollution, dust, and excessive sunlight through shade and insulation. Notably, in developing countries such as India, Brazil, and Iran, organizations are actively expanding their vertical garden initiatives to enhance indoor environments and create micro-climates via the use of arches, frames, and tepees.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
230 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.4% |
Market growth 2025-2029 |
USD 1332.9 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
8.5 |
Key countries |
US, Canada, China, UK, Japan, Germany, India, France, Australia, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the realm of innovative agriculture, smart indoor gardens are revolutionizing urban farming through vertical hydroponics and controlled environment agriculture. Leveraging digital technologies like IoT, AI, sensors, and automated devices, these systems optimize fertilizer application, watering, lighting, temperature, and insect control. Fresh produce, including fruits and herbs, thrive in self-sufficient environments, transforming apartments and cities into arable land. Smart greenhouses, infused with interior design and green technology, offer sustainable, insecticide-free nutrition systems.
The Smart Indoor Garden Systems market is a segment of the broader Specialized Consumer Services industry. This market encompasses revenue generated from providers of vertical farming, urban farming, hydroponics, and controlled environment agriculture solutions. Technavio's market analysis includes providers of residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services, excluding those in the casino and gaming, hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services sectors. IoT and AI technologies are increasingly being integrated into indoor gardening systems, contributing to market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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