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North America and Europe Smart Homes and Home Automation Report 2021-2024: Compatibility, Product OEMs, New Entrants, Point Solutions


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179 Million Homes in Europe and North America Will Be Smart by 2024
Smart home and home automation systems include a wide range of solutions for controlling, monitoring and automating functions in the home. Smart home systems can be grouped into seven primary categories: security and access control systems; energy management and climate control systems; audio-visual and entertainment systems; lighting and window control systems; healthcare and independent living systems; home appliances and service robotics.
The North American smart home market recorded strong growth during 2019. The installed base of smart home systems increased by 28.5% to reach 172.6 million at the year-end. An estimated 19.1 million of these were multifunction or whole-home systems whereas 153.5 million were point solutions designed for one specific function. ....

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