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Global home automation market projected to hit $12.81 billion by 2020

February 18, 2015Spencer Ives

DALLAS—The North American home automation market will grow from $2.21 billion in 2013 to $4.29 billion in 2020, a CAGR of 9.17 percent, according to Marketsandmarkets research analyst Sarmistha Biswas.Globally, the home automation market is projected to rise from $5.77 billion in 2013 to $12.81 billion in 2020, with a CAGR of 11.36 percent, Biswas told Security Systems News.“The U.S. is the largest market and will continue to play a very influential role in the forecast period in North...

Google, Himanshu Rathore, home automation, Marketsandmarkets, Qualcomm, Rohit Waghadhare, Sarmistha Biswas