The growing penetration of the internet and smartphones, technological advancements, and rising standards of people's lifestyles contribute to the industry proliferation.

The rising expenditure of the people on remodeling projects or home renovations result in rising expenditure in mortgage-associated rates, and prices of the residential property. Thus, it significantly increases the home value and equity of the homeowner over the five years. It thus makes owners richer and encourages them to invest in home improvement.

In addition, home specialists' project leads accounted for a 58% rise in June 2020, according to a home remodeling website. Similarly, the kitchen and bathroom projects also witnessed an increase of 40% in the same period, signifying the extensive rise in sales of various smart home appliances.

Wi-Fi is the most convenient technology for the operations of smart devices. The Wi-Fi-connected smart devices contribute around $16 billion in revenue, they are expected to generate $68 billion in 2030. Wi-Fin networks come with a pre-built infrastructure to manage the massive data by default. Such appliances can be controlled by a personal computer through Wi-Fi. Moreover, the rising internet penetration and the advent of technological automation such as IoT drive the revenue of the industry.

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In addition, the death caused by both outdoor and interior air pollution accounts for 7 million premature deaths every year. Among those, 3.8 million succumb to death due to indoor air pollution. In the coming future, the sales of smart air purifiers are projected to drive by worsening air quality levels across regions, and rising awareness of the advantages of air purifiers usage.

Therefore, internet penetration drives the sales of smart home appliances enabling remote access to such devices connected with Wi-Fi, by an application on computing equipment.