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Global Home Automation Market Will Be Worth Us$21.6 Billion by 2020

  • Date Submitted: 10/15/2015 02:56 AM
  • Flesch-Kincaid Score: 28.3 
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Transparency Market Research has published a new research report on the global home automation market. The research report states that the global home automation market stood at US$4.41 bn in 2013 and will rise to US$21.6 bn by 2020, growing at a CAGR of 26.3% in the forecast period.The report, titled “Home Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, offers a comprehensive overview of the global home automation market, its key market drivers, restraints, opportunities, and threats.

Advancements in technology are inspiring architects across the globe to build automated homes. As these modern homes evolve, they are unstoppably driving the global home automation market. Modern homes are using high-tech solutions for installing automated solutions that will help then run several programs in the homes with a single application. Most of these applications are powered by electricity and are controlled manually. For example, dimming lights, controlling the AC or HVAC system, locking and unlocking doors, and operating other such household functions from a central hub device is possible with home automation solutions.

Browse the full Home Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020, report at http://www.transparencymarketresearch.com/home-automation-market.html

                                 
The key driver for the global home automation market is the pressing need for high-performing solutions for domestic applications utilized in areas of safety, lighting, energy, entertainment, and HVAC. This market is also being supported by the growing Internet penetration in countries such as France, the U.K., and Germany. The safety and security segment has been earning the highest revenue so far in the global home automation market.In the coming few years, the energy-conscious population, who need better energy management solutions, will opt for automated...

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