Home Automation Market to Expand at 12.1% CAGR and Reach USD 114 Billion by 2025
Home Automation Market to Grow Rapidly with Rising Demand for Remotely Controlled Devices The rising preference towards better standard of living is one of the primary factors driving the home automation market. This, coupled with rising disposable income especially in developing countries, is encouraging investment in home automation solutions. The growing adoption of smartphones and tablets across the world is likely to escalate demand for remotely controlled devices, thus driving the home automation market. The adoption of cloud-based solutions is growing at a rapid pace in smart home appl...