Key Segments
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The home automation system market is projected to grow from USD 40.8 billion in 2020 to USD 63.2 billion by 2025 ; it is expected to grow at a Compound Annual Growth Rate ( CAGR ) of 9.1 % from 2020 to 2025 .
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The development and implementation of IoT technology in home automation systems is expected to act as a growth opportunity for the market . Various types of home automation system are being deployed worldwide , from luxury home automation systems to DIY home automation systems .
Browse 121 market data Tables and 72 Figures spread through 233 Pages and in-depth TOC on " Home Automation System Market ”
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Market for cloud-based management is projected to grow at a higher CAGR during the forecast period
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Market for lighting control systems projected to grow at highest CAGR during the forecast period
Market in APAC estimated to grow at fastest rate during forecast period