The Proliferation Of IOT Devices Is Driving Growth In The Home Automation Market: Key Factor Driving The Growth In The Home Automation Market

The Home Automation Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Home Automation Market Size During the Forecast Period?
The market size for home automation has experienced significant expansion in the past few years. There will be an increase from $71.19 billion in 2024 to $77.65 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this growth during the historical period include heightened consumer awareness, time-efficiency and convenience, concerns about energy efficiency, a higher emphasis on health and wellness, and improved data privacy.

In the coming years, the home automation market is predicted to experience swift expansion. The market is anticipated to swell to a value of $123.88 billion by 2029, with a compound annual growth rate (CAGR) of 12.4%. This anticipated escalation during the forecasted period could be recognized to the emphasis on green and sustainable homes, monitoring of health and wellness, concentration on sustainability, customization and personalization, and Do-It-Yourself home automation kits. Key trends that could be witnessed within the forecasted tenure includes the emergence of smart hubs and ecosystems, proliferation of IoT devices, solutions for security and surveillance, health and wellness tracking, customization and personalization, and DIY installations and configurations.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5244

What Are the High-Growth Segments in the Home Automation Market?
The home automation market covered in this report is segmented -

1) By Product: Lighting Control, Security And Access Control, HVAC Control, Entertainment, Other Products
2) By Technology: Wired Home Automation System, Wireless Home Automation System
3) By End User: Residential, Commercial, Other End Users

Subsegments:
1) By Lighting Control: Smart Bulbs, Lighting Sensors, Dimmers And Switches,
2) By Security And Access Control: Smart Locks, Surveillance Cameras, Alarm Systems,
3) By HVAC Control: Smart Thermostats, HVAC Sensors, Zoning Systems,
4) By Entertainment: Smart Speakers, Streaming Devices, Home Theater Systems,
5) By Other Products: Smart Appliances, Home Health Devices, Energy Management Systems.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5244&type=smp

What Key Drivers Are Expected to Influence Future Home Automation Market Growth?
The growth of the home automation market is expected to be driven by the rising use of Internet of Things (IoT) devices within home automation systems during the forecast period. The IoT-based home automation system, which uses internet protocols or cloud computing to control a smart home's devices, is more beneficial than wired systems due to its flexibility, ease of installation, ability to bypass the complications of wired setups and weak electrical wiring, straightforward identification and activation of issues, and more importantly, mobility. For instance, Exploding Topics, a US-based online platform offering insights into evolving and popular trends, stated in March 2023 that around 25.4 billion IoT devices are expected to be in use by 2030. As a result, the escalating use of IoT devices in home automation systems is a significant factor propelling the expansion of the home automation market.

Which Companies Hold the Largest Share Across Different Home Automation Market Segments?
Major companies operating in the home automation market include ABB, Crestron Electronics Inc., Schneider Electric SE, Honeywell International Inc., Johnson Controls Inc., Siemens AG, Legrand Group, Control4, Home Brain, Savant Systems Inc., Lutron Electronics Company, Sauter AG, Bosch Security and Safety Systems, Silvan Innovation Labs, Elan Home Systems LLC, Fueb, Harman International, LG Electronics Inc., August Inc., HomeSeer Technologies LLC, Amazon Inc., Google Nest, ADT Inc., Vivint Smart Home Inc., SimpliSafe, Ring LLC, Ecobee, Somfy, Netatmo, SmartThings Inc.

What Trends Are Driving Growth in The Home Automation Market?
The advancement in technology is driving the transformation of the home automation industry. Many leading companies in this sector are concentrating on the creation of technological solutions for home automation, to solidify their industry standing. For example, Hogar Controls, an American firm specializing in smart home solutions, unveiled a wide range of home automation products such as smart touch panels, controllers, digital door locks, and smart curtain motors in June 2022. This product range aimed at providing a comprehensive solution for architects, interior designers and modern consumers requiring smart home services. These smart touch panels run on Z-Wave technology with added Wi-Fi capabilities, compatible with any smartphone, and can be voice-controlled through Amazon Alexa or Google Assistant on supported devices using sensors. Notably, these control panels are designed to withstand heat, humidity, and shock.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/home-automation-global-market-report

What Are the Emerging Geographies for The Home Automation Market Growth?
North America was the largest region in the home automation market in 2024. The regions covered in the home automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Home Automation Market?
2. What is the CAGR expected in the Home Automation Market?
3. What Are the Key Innovations Transforming the Home Automation Industry?
4. Which Region Is Leading the Home Automation Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.