Research: Home Automation System Market Worth $79.57 Billion by 2022

AUTOMATED NEWS ALERT

The Home automation market is expected to grow from USD 39.93 billion in 2016 to USD 79.57 billion by 2022, at a CAGR of 11.3% during the forecast period.

“Home automation refers to the automation and security of home and household activities. It may be used for isolated programmable devices, e.g., thermostats and sprinkler systems. But, home automation precisely describes homes in which lights, appliances, electrical outlets, heating and cooling systems, and others are connected to a remotely accessible network.” – sbwire.com

The entertainment control market is anticipated to hold the largest share among different products segments.

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