Insights from ABC Business Conference 2021: Broad Outlook for the Smart Home Market in Spain

DUSSELDORF,Germany,March 3,2021 -- The fifth event of the AI+IoT Business Conference Europe was held by Tuya Smart,aleading global IoT Cloud Platform on Monday. It focused on the future development of the smart home industry in Spain.

Catherine Zhang,Regional Director of Southern Europe from Tuya Smart,gave adata-based overview of the smart home market in Spain,showing a year-on-year growth of 250% in 2020. The top 4 activated devices in Europe are smart plugs,luminaires,robots,and vacuums. She believes that there is still huge growth potential for the smart home market in Spain,but importance should be attached to privacy and data security as the market continues to develop.

Teresa Acha-Orbea,Vice President of SPC,outlined specific fields,deeming that smart lighting,smart electrical,and smart security are the easiest and fastest-growingfields. However,she believes that people will soon pay more attention to the comfort and health benefits of smart home products.

Luis MonserrateandTxdrra Pardinas,General Manager and Consumer Engagement Director of Woods & Go Design S.L (IKOHS) respectively,took the perspectives of device connection and ecosystem to give an in-depth analysis onhow to create an all-encompassing smart home. In their opinions,a deep and extensive relationship should be established between smart home IoT devices and users,creating a sense of companionship for users while minimizing the difficulty in pairing devices and networks.

Toview the conference presentations,please registerat https://www.tuya.com/event/abc/eur.The next session of the AI+IoT Business Summit Europe will be focusing on France on March 9. Linda Jinli BELY,Managing Director of Senya International SAS,Haddad Jérôme,Executive Director of Yantec-XanLite,and Carrie Liu,Head of France,Eurasia of Tuya Smart,will be talking about development trends of the smart home market in France.

About Tuya Smart

Tuya Smart is a leading global IoT Cloud Platform with a unique,all-in-one offering of cloud + connectivity + app that makes it easy and affordable for brands,retailers,and OEMs to make their products smart. Tuya's platform has smart-enabled more than 252,000 device SKUs in hundreds of categories worldwide,serving over 262,000 developers globally. Tuya is internationally operated with headquarters in the U.S.,India,Japan,Colombia,and China.

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