Lucintel's latest market report analyzed that home automation provides attractive opportunities in the residential sector. The home automation market is expected to reach $101.1 billion by 2027 with a CAGR of 10%. In this market, safety and security is the largest segment by application, whereas managed service is largest by installation type. The growing demand for IoT technology in the home automation system, development of video enabled drones and constant developments in security technology products such as smart cameras and various sensors and detectors provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/home-automation-market.aspx
Based on application, the home automation market is segmented into safety and security, entertainment control, lighting, HVAC control, and others. The safety and security segment is accounted for the largest share of the market in 2021 due to the increasing need for continuous monitoring services to reduce the risk of crime, burglary, and theft and entertainment is expected to register the highest CAGR during the forecast period supported by the increasing need of advanced technology to provide single platform for high level of control, flexibility, and to deliver the best entertainment experience.
Browse in-depth TOC on “Home Automation Market”
85 – Tables
73 – Figures
157 – Pages
The home automation market is marked by the presence of several big and small players. Some of the prominent players offering home automation include ADT Corporation, Control4 Corporation, United Technologies Corporation, Honeywell, Johnson Control, Siemens AG, Acuity Brands, AMX Inc., Monitronics International, and Vivint Inc
Request Sample Report:
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link email@example.com.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Company Name: Lucintel
Contact Person: Brandon Fitzgerald
Email: Send Email
Address:8951 Cypress Waters Blvd., Suite 160
Country: United States