Global home automation market size was USD 17.48 billion in 2016 and is expected to grow over the forecast period.
Your CatalystTo a Lucrative Business 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 Internetconnectable 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 Follow Us: