Home Automation Market
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The global home automation market is projected to reach $16.4 billion by 2019, with the entertainment segment accounting for 24.7% of the market. Wireless systems dominate the market, representing over 50% of revenue, while the life safety and security segment generated $1.51 billion in 2014 and is expected to maintain its lead. Additionally, connected-home device sales are anticipated to exceed $61 billion this year.
Home Automation Market
- 1. Transparency Market Research forecasts that the global home automation market will reach 16.4 billion by 2019. The following infographic shows the different segmentations associated with the home automation market. HOME AUTOMATION MARKETBYAPPLICATIONBYNETWORKINGTECHNOLOGYBYTYPE LightingSafety & Security HVAC Entertainment Wired Power-Line Computer Network Wireless Luxury (Custom)Mainstream DIY (Do It Yourself) Managed The entertainment segment, including home audio and video, accounted for 24.7% of the overall home automation market. Power-line sys- tems segment is expected to grow with a CAGR of 24.2 % over the forecast period, from 2014 to 2020, according to the report. The wireless system segment of home automation tech- nology held the largest revenue share, accounting for more than 50% of the overall market. Connected-ho me device sales will drive over $61 billion in revenue this year. Users will have an alternative form of converting their homes into smart homes using their cable broadband provider or telco. (Heating, Ventilation, and Air-Conditioning) The life safety and security segment held the highest market revenue share accounting to $1.51 billion in 2014 and is expected to maintain its leading position throughout the forecast period. http://www.transparencymarketresearch.com/home-automation-market.html http://www.securitysales.com/article/forecast_global_home_automation_market_to_exceed_21b_in_2020 https://www.ce.org/News/News-Releases/Press-Releases/2014/CEA-Study-Finds-Almost-all-Home-Technology-Install.aspx Sources: https://medium.com/technology-media-market/home-automation-market-to-reach-usd-16-4-billion-by-2019-transparency-market-research-a89ff38f13c0#.lc5kvsuvq Other (Robotics, Healthcare)