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Home Automation Market Growth Over 2024 Will Be Usd 39.88 Billion
Total Articles: 41
Home automation is a modern-day innovation for a royal experience. It gives user passage to use and control devices in a home from a device like a single remote or a mobile phone. It will control every equipment used in a home like lights, appliances, heating systems, cooling systems, electrical outlets, doors, locks, windows, smoke detectors, camera (surveillance) and lot more thing like sensor used in the main door, and Garage.
Think! If you are out of your house. You lock your door, but you don’t off your electrical appliances like Geyser, fan, bulb. Then you must come again. But if your home is automated then no problem it will automatically off electrical appliances. That’s the single example there are lots of appliances inside your home think how beneficial it is. You are safe from fire and other threats.
According to Hexaresearch Report, The global home automation market is driven by the rising necessity of consumers for protection against fire and break-ins. Availability of automated systems that can be operated over high-speed Wi-Fi, powerful smartphone ubiquitous, and the growing popularity of Internet-connectable gadgets is expected to drive market growth. Moreover, reduced energy consumption and the availability of a broad range of products is anticipated to boost the home automation market.
North America was the largest market accounting for 35.7% of the share in 2016, owing to the adoption of the technology and availability of affordable solutions is expected to augment market growth. Europe is expected to witness sluggish growth over the forecast period on account of market saturation. Factors such as awareness towards security & safety of property, particularly in countries such as Germany, the UK, and France, is expected to drive the market over the forecast period. The Asia Pacific, Central & South America, and the Middle East are expected to lead the global home automation market in the next few years.
Wireless systems were extensively used and are expected to witness growth at an 11.7% CAGR on account of shift of consumers to a hands-free method of operation. Computing network is anticipated to achieve substantial growth in future owing to the availability of wearable computing devices and high-speed internet connectivity.
Safety & security was the largest contributor and is expected to witness the fastest growth on account of advancement of technology such as biometric-enabled lock system, camera feeds, and alarm systems which prevent theft and burglary. Mainstream automation systems are expected to witness significant growth in upcoming years on account of its ability to integrate all smart electronic appliances to form one intelligent system which can be accessible by the user.
Get full report or request for a free sample at: https://www.hexaresearch.com/research-report/home-automation-market
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