Global Home Automation Market
Global home automation market was valued at around USD 5.0 billion in 2014 and is expected to reach USD 21.0 billion in 2020, growing at a CAGR of around 25% between 2015 and 2020.
Global home automation market was valued at around USD 5.0 billion in 2014 and is expected to reach USD 21.0 billion in 2020, growing at a CAGR of around 25% between 2015 and 2020.
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<strong>Global</strong> <strong>Home</strong> <strong>Automation</strong> <strong>Market</strong><br />
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3.1. <strong>Home</strong> automation: <strong>Market</strong> dynamics<br />
3.2. <strong>Market</strong> drivers<br />
• 3.2.1. Drivers for global home automation market: Impact analysis<br />
• 3.2.2. Establishment of managed home automation services<br />
• 3.2.3. Growing home automation applications<br />
• 3.2.4. Increasing need for energy management<br />
• 3.2.5. Connectivity (internet penetration and cellular network)<br />
• 3.2.6. Growing use of smartphone due to its applications<br />
• 3.2.7. Price competitiveness due to large number of players<br />
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3.3. <strong>Market</strong> restraints<br />
• 3.3.1. Restraints for global home automation market: Impact analysis<br />
• 3.3.2. Lack of awareness in consumer and costlier solutions<br />
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