The document summarizes a report on the home automation system market from 2020 to 2025. It finds that the market is expected to grow from $40.8 billion in 2020 to $63.2 billion in 2025, representing a compound annual growth rate of 9.1%. Key segments covered include lighting control, security and access control, and HVAC control. The development of IoT and cloud-based management are opportunities for market growth. North America, Europe, APAC and the rest of the world are covered and the APAC region is projected to adopt home automation systems the fastest.
2. Scope of The Report
Research report categorizes the Home Automation System Market
based on Management, Product, Software and Region.
And More…
By Product
• Lighting Control
• Security & Access Control
• HVAC Control
• Entertainment & Other Controls
By Software & Algorithm
3. Key Segments
Market in APAC estimated to grow at fastest rate during forecast period
The development and implementation of IoT technology in home
automation systems is expected to act as a growth opportunity for the
market. Various types of home automation system are being deployed
worldwide, from luxury home automation systems to DIY home
automation systems.
Browse 121 market data Tables and 72 Figures spread through 233
Pages and in-depth TOC on "Home Automation System Market”
Market for cloud-based management is projected to grow at a higher
CAGR during the forecast period
Market for lighting control systems projected to grow at highest CAGR
during the forecast period
The home automation system market is projected to grow from USD 40.8
billion in 2020 to USD 63.2 billion by 2025; it is expected to grow at a
Compound Annual Growth Rate (CAGR) of 9.1% from 2020 to 2025.
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4. Home Automation System Market Growth Rate
2025
Market Size of $
40.8 billion
Market Size of
$ 63.2 billion
2020
CAGR of 9.1%
6. Top Region..
• North America
• Europe
• APAC
• RoW
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7. 1. What will be the dynamics for the adoption of home automation systems based on type?
2. How hardware, software, and services contribute to the overall market growth by 2025?
3. How will technological developments such as AI and cloud computing change the home au
tomation system landscape in the future?
4. Which region is expected to adopt home automation systems at a fast rate?
Frequently Asked Questions (FAQ) of this Report
5. What are the key market dynamics influencing market growth? How will they turn into stren
gths or weaknesses of companies operating in the market space?
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