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Home Automation Market Size, Share, Analysis, Regional Outlook,
Trends and Forecasts to 2024 | Hexa Research
"Home Automation Market Size To Reach USD 39.88
Billion 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. 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.
Browse Details of Report @ https://www.hexaresearch.com/research-report/home-automation-market
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