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Home Automation Market is Anticipated to Witness Considerable Growth by 2024

The global home automation market is expected to reach USD 39.88 billion by 2024, driven by rising necessity of consumers for protection against fire and break-ins.

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Home Automation Market is Anticipated to Witness Considerable Growth by 2024

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  1. Your Catalyst to a Lucrative Business Home Automation Market Share, Size, Key Players, Research and Forecasts to 2024 | Hexa Research “The global home automation market is expected to reach USD 39.88 billion by 2024.” 17 October 2018 The global home automation market is expected to reach USD 39.88 billion by 2024, driven by 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 smart phone ubiquitous, and growing popularity of Internet- connectable gadgets is expected to drive market growth. Moreover, reduced energy consumption and 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, UK and France, is expected to drive the market over the forecast period. 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 a 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 Follow Us:

  2. Your Catalyst to a Lucrative Business substantial growth in future owing to the availability of wearable computing devices and high-speed internet connectivity. Browse Details of Report @ https://www.hexaresearch.com/research-report/home-automation-market 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. Custom automation systems are anticipated to grow on account of its ability to provide features which suit the personal requirement of the customer. Moreover, these systems are available over a broad price range, thus, providing a consumer with the option of picking and choosing functions that suit their homes. Hexa Research has segmented the global home automation market based on technology, application, type and region: Segmentation by networking technology, 2014 - 2024 (USD Million) • Wired systems • Power-line systems • Computing networks • Wireless systems Segmentation by application, 2014 - 2024 (USD Million) • Lighting • Safety & security • HVAC • Entertainment • Energy management • Others Segmentation by type, 2014 - 2024 (USD Million) • Custom Automation • Mainstream Automation System • Do-It-Yourself (DIY) • Managed Home Automation Segmentation by region, 2014 - 2024 (USD Million) • North America • U.S. • Europe • Germany Follow Us:

  3. Your Catalyst to a Lucrative Business • UK • Asia Pacific • China • Central & South America • Brazil • MEA Key players analyzed • Siemens AG • ABB • Honeywell • Crestron Electronics, Inc. • Schneider Electric • Johnson Controls, Inc. • Control4 Corporation • Ingersoll-Rand PLC • Legrand • Leviton Manufacturing Company, Inc. Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/technology- industry About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website - https://www.hexaresearch.com Follow Us:

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