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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.”
21 December 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
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