Category: Blogs

The home automation market was valued at US$62.471 billion in 2018 and is anticipated to grow at a CAGR of 11.86% to reach a market size of US$122.391 billion by 2024. Home automation is the utilization of intelligent terminals, which is an automation system to control home appliances and equipment. An increase in awareness for efficient energy usage, rise in electricity prices, and technological advancements are expected to drive the home automation market growth.