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Home Automation System Market o Reach US$ 84.4 Billion by 2024 | CAGR 8.5%

Home Automation System Market o Reach US$ 84.4 Billion by 2024 | CAGR 8.5%

Get more information about the market: https://www.imarcgroup.com/home-automation-system-market The global home automation system market size was US$ 51.9 Billion in 2018, growing at a CAGR of 7.8% during 2011-2018. On account of these factors, the market value is anticipated to reach US$ 84.4 Billion by 2024, expanding at a CAGR of 8.5% during 2019-2024. Want more information about this market? Request a free report sample: https://www.imarcgroup.com/home-automation-system-market/requestsample For India market research reports, visit: http://www.marketresearchindia.co.in Browse Related Report Mobile Payment Market Report: https://www.imarcgroup.com/mobile-payment-market Smart Lighting Market Report: https://www.imarcgroup.com/smart-lighting-market Contact Us IMARC Group James Smith Email: Sales@imarcgroup.com Tel No:(D) 91 120 433 0800 | https://www.imarcgroup.com Americas :- 1 631 791 1145 | Africa and Europe :- 44-702-409-7331 Linkedin: https://www.linkedin.com/company/imarc-group

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Home Automation System Market Outlook 2017-2026

Home Automation System Market Outlook 2017-2026

Global Home Automation System Market is accounted for $40.2 billion in 2017 and is expected to reach $123.6 billion by 2026 growing at a CAGR of 13.3% during the forecast period. Growing importance of home monitoring from remote locations, rise in Internet of Things and huge number of makers increasing their product portfolios are some of the key factors propelling the market growth. However, market is more convenience-driven than necessity-driven and threat of device malfunctioning are some of the factors hindering the market growth. Moreover, a favorable government rule in numerous countries is providing ample opportunities for the market growth.

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