Acumen Research and Consulting Home Automation Market Size to Hit $ 65 Billion by | Page 2
expected to see significant growth. Growth in the innovative, energy efficient
automated systems, growth in the IoT market, increasing domestically
monitoring significance from remote areas, increasing consumer awareness of
the availability of intelligent home apps such as automated safety and lighting
systems and rigorous government regulations, are all factors that impact the
global home automation sector.
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Large Emission Differentials between New Vehicle Types Increases the
Demand
A number of favorable factors are taking advantage of the global home
automation market. The Internet use of things in the developed countries in
particular has increased. Nowadays people prefer high and advanced living
standards in smart home equipment such as TV, refrigerators, smartphones and
many other electronics. In addition, the demand for home automation has
escalated with increasing disposable incomes and increased preferences in
developing countries for luxury lifestyle. In addition, quick adoption of
smartphones and devices are the main drivers in the domestic automation
market. Home automation systems are also supported by cost-cutting measures
which have increased the market demand in developing and developed
countries. Moreover, the growing demand for automated and technologically
advanced vehicles and the vast increase in vehicle imports and exports require
periodic testing and vehicle inspection. This helps to increase the market for
automotive testing, inspection and certification. Due to the development of the
construction industry and the increase in energy efficiency demand in intelligent
homes & buildings, the introduction of home automation systems is increasing.
Remote management solutions dominate the domestic automation industry, as
mobile apps and other advanced solutions in developing regions are costly and
lack of standardization will hinder the growth of the domestic automation
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