TECHGuru

  Rapid Development of Smartphone-controlled Applications Fuel Global Home automation Market Home automation is gaining traction in many countries these days, thanks to growing customer preference home automation services. High rate of adoption of technology is further adding fuel to the global home automation market . The market is also becoming increasingly popular owing to rapid development in the smartphone controlled applications. There are several growth factors propelling the growth of the global home automation market. Increase in smartphone-controlled applications that are capable of supervising home appliances from a remote location is substantially driving the growth of the market. Increased government initiatives across the globe to set up smart homes are adding fuel to the market. In a survey on 1000 American households has been conducted by Alarm.com, a US based technology company. The survey revealed that almost 48% of the participants were excited about the smart-ho...

  Home Automation Market - Snapshot The automation industry, which is in a re-evaluation stage, is witnessing significant technological advancements. Developments in building automation industry, that witnessed introduction of upgraded devices and technology, also known as Smart Home and Smart Building, has changed the way products and services are being delivered. With focus on enhancing consumer experience, these technologies are witnessing continues research and development to equip the products as per compatibility with Smart & Sustainable Home and Building projects. The  home automation market is forecast to grow steadily to become  US$ 124.1 Bn by 2027 from US$ 69.0 Bn in 2018,  at a CAGR of  6.7%. Home automation has been gaining traction over the last decade in developed countries owing to incorporation of these products and services as a part of lifestyle and high adoption rate of advanced technology. In resonance with the same, home auto...