Home Automation Market Research Report by 2024 - Analyzed by Type, End-user and Geography – IMARCGroup.com
As per the latest report by IMARC Group, titled “ Home Automation System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, the global home automation system market size was US$ 51.9 Billion in 2018, growing at a CAGR of 7.8% during 2011-2018. Home automation systems refer to computer-dependent control systems which are installed in homes to automate, control and monitor several appliances and electrical equipment. The systems utilize a combination of hardware and software that enables control over devices around the house with the touch of a button. They include automated ventilation, heating, cooling, entertainment, lighting, power, fire, alarm and security systems. They employ sensors, actuators and control devices to detect triggers and further send data to the central controller. Installing these systems in residential premises offers various benefits such as improved security and energy savings. Explore full report...