$60.2 Billion Home Automation System Global Market to 2026 - by Application, Type and Region
DUBLIN, June 10, 2021 /PRNewswire/ -- The "Home Automation System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global home automation system market reached a value of US$ 60.2 Billion in 2020. Home automation, or a smart home system, involves the incorporation of intelligent technology into homes for safety, comfort, and energy conservation. It includes the control and computerization of lighting, heating, ventilation, and air conditioning (HVAC), and security systems. With time, digitization has increased the consumer spending on home automation systems which enable homeowners to control, monitor and automate various functions, appliances and systems around the house with the touch of a button. This evolution of automated homes has resulted in integrated and centralized control of operations, making the lives of users more comfortable and convenient.
Furthermore, with the use of Internet of Things (IoT) in these systems, everything from appliances to security systems can be controlled with smart home devices. This technology also enables users to monitor their home from another location using an interface on a computer, tablet or smartphone. Owing to this, several technology giants like Apple, Google, Microsoft and Samsung have invested in the home automation business. Looking forward, the publisher expects the global home automation system market to grow at a CAGR of 8.7% during 2021-2026.
Some of the leading players operating in the market are:
Key Topics Covered:
3 Executive Summary
10 Competitive Landscape
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