Home Automation Market: Global Industry Analysis and Forecast 2
The home automation market is characterized as a set of local or cloud-based functions that enable homeowners to control indoor temperature, lighting, entertainment systems, security mechanisms, and sensor remotes using smartphones, tablets, and other devices. The concept of home automation has been around for a long time. Intelligent terminals, which are automation systems that control household appliances and equipment, are used in home automation. Home automation market growth is expected to be fueled by increased awareness of efficient energy usage, rising electricity prices, and technical improvements. The global home automation system market is expected to register a CAGR of approximately 6.5% during the forecast period.
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