The market size of the global smart home market worldwide is to grow to around USD 40.9 billion in 2020, from USD 24.1 billion in 2016.
Tuya Smart's AI products. PHOTO: Credit to Tuya Smart
Jan 2019, the largest and most influential technology event CES (Consumer Electronics Show) will be held at Las Vegas. Tuya Smart (涂鸦智能), a China-based provider of AIoT platform, announced there will be mysterious products according to its official WeChat account. Last year, the company debuted fully upgraded IoT platform at CES 2018, and expanded its business with the opening of a U.S. sales and R&D office in Silicon Valley. Headquartered in Hangzhou, with branches in Shenzhen, Tuya Smart has data centers in Portland (Oregon), Frankfurt and Hangzhou.
Tuya Smart provides one-stop-shop solution to device manufacturers with AI services, including hardware access, cloud services and app software development, enabling them to rapidly upgrade their products with low-cost and efficiency.
Oct, Syska Group announced its partnership with Tuya to bring smart home products in the Indian market. The smart home market in India is on a booming stage and Statista report predicts Indian smart home market to hit 7.2% by 2022, reported by Deccan Chronicle.
The market size of the global smart home market worldwide is to grow to around USD 40.9 billion in 2020, from USD 24.1 billion in 2016, according to Statista.
Founded in 2014, the company has deep engineering roots with its core-team being a part of the original Ali Cloud core team. WANG Xueji（王学集）, CEO and founder of the company, was the first general manager of the Ali Cloud. CHEN Liaohan（陈燎罕）, the co-founder and president, was former operating director of Ali Cloud, YANG Yi（杨懿）, who was also an executive there. These three founders have worked on the projects related to Aliyun (former Ali Cloud), giving them extensive understanding of AI, cloud calculation and big data.
Tuya is able to cover a wide spectrum of home appliances. Connecting with 100 million devices including smart power accessories, lighting and household appliances and surveillance equipment, Tuya has served more than 93,000 customers in nearly 200 countries, working on 30,000 million SKU(stock keeping unit).