Home Automation System Market Analysis by Component, Algorithm, Type, Size, Share, Opportunities, Forecast 2025
Global home automation system market is expected to witness significant growth during the forecast period. The global home automation system market is driven by the growing awareness pertaining to use of energy efficient systems. Additionally, growing safety concerns among households is further expected to propel the growth of market over the next few years. Furthermore, technological advancements, new product launches by the major players is expected to spur the growth of market through 2025. The global home automation system market can be segmented based on component, algorithm, technology, type, application, company and region. Based on algorithm, the market can be bifurcated into behavioral and proactive. The proactive algorithm segment is expected to dominate the market during forecast period since these are equipped with displays and web software packages which provide additional information to the consumers. These include information such as energy use trends, household baselin...