Home Automation Market: Size, Share, Top Region, Key Players, Application,Status And Forecast 2019 - 2027
Expansion of the global home automation market is likely to be influenced by the increasing consumer liking for these products, thanks to its energy saving features, enhanced security solutions, convenience, and affordability. The demand for home automation services is also increasing due to growing penetration and development of smartphone-controlled applications.
Some of the prominent market players in the global home automation market are Ingersoll-Rand PLC, Cisco Systems, Inc., United Technologies Corporation, Siemens AG, and Honeywell International Inc.
Conducting extensive research, Transparency Market Research (TMR) made a detailed report on the global home automation market. The market is likely to expand at a rate of 6.8% over the forecast tenure.
Rapid Adoption of Technology is Likely to Propel the Market toward Growth
In a bid to offer a better understanding of the market, TMR analysts have segmented the global home automation market on the regional parameter. North America, Latin America, Asia Pacific, Middle East and Africa, and Europe are the major regional segments of the market.
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Feature-rich Home Automation Solutions Empower People with Augmented Security
The global home automation market is estimated to be influenced by factors like augmented use of smartphone-controlled applications, which are utilized in the supervision of home appliances from a distant location. In addition, various governments are making efforts in the encouraging and implementation of home automation solutions, thereby influencing the growth of the global home automation market.
Adoption of home automation solutions often leads to better security, provides more comfort, and saves electricity. In addition, home automation solutions are of considerable use for the differently-able people as they are vulnerable to various issues of day to day life. Home automation solutions offer a sense of security for people with diseases like Parkinson’s or Alzheimer’s or deaf or blind people. These technological solutions considerably improve the quality of life for these people.
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