Tag: Rohit Waghadhare
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...
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...