Home Automation Market Technological Advancements, Evolving Industry Trends and Insights

Industryanalysis29 Nov, 2023Business

The home automation market has garnered USD 45.7 billion in revenue in 2023, and it is projected to rise at the rate of 9.6% from 2023 to 2030, to capture USD 86.8 billion by 2030. The growth of the market can be ascribed to the increasing requirement for power-effective and ecological solutions, swiftly progressing technology and the growing affection of customers for connectivity and convenience. Home automation allows individuals to control and mechanize numerous appliances and fixtures in their houses via smart devices and online channels.