Global Home Automation System Market Report 2020: Compatibility Issues with the Integration of Home Automation Systems from Different Manufacturers Remains an Issue
February 03, 2021 05:38 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The Home Automation System Market is Expected to Grow from USD 40.8 Billion in 2020 and is Projected to Reach USD 63.2 Billion by 2025 at a CAGR of 9.1%
during the forecast period. As millennials account for the majority of new home buyers, growing homeownership is one of the major factors driving the adoption of home automation systems. Insurance companies offering attractive discounts to house owners having inbuilt access control and security systems is expected to help consumers to save on house insurance premiums and cover the cost of adopting home security systems for residential applications. The integration of home healthcare equi