Transparency Market Research reports
the global home
automation market will see strong growth during the 2013-2019 period, with
CAGR reaching 24.5% as the industry shifts towards the mainstream.
According to the analyst the market is
at a point of inflection characterised by a number of aspects-- chiefly complex
solutions, high industry competition, large number of networking technologies,
multiple and incompatible standards and expensive products. However consumer
demand for universal, easy-to-install solutions will drive the market away from
its current, luxury-dominated, standing.
Fueling the trend further are telcos,
broadband providers, utilities and cable operators, among others, taking on
automation. The result is vendors moving away from the luxury market towards
development of manstream solutions.
Transparency forecasts managed
automation services and mainstream solutions will collectively account for 71%
of the global market by 2019, up from 27.5% in 2012.
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