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Global home automation market to hit $78b by 2022

May 23, 2016Spencer Ives

DALLAS—The global home automation market is forecasted to more than double by 2022, according to a recent Marketsandmarkets report, in part due to the Internet of Things and home automation features that save money by reducing energy consumption.“The home automation system market is expected to reach $78.27 billion by 2022,” Rohit Waghadhare, team lead for Marketsandmarkets, told Security Systems News in an email interview. The global market size in 2016 is projected to be $38.7...

home automation, Kumar Jayant, Marketsandmarkets, Rohit Waghadhare