According to Research and Markets report “Global Smart Homes Market By Application, By Technology, By Region, Competition Forecast and Opportunities, 2011-2021”, the global smart homes market is projected to cross $60 billion by 2021. On the basis of application, the market has been segmented into five categories, namely, Energy Management Systems, Security & Access Control Systems, HVAC Control Systems, Entertainment Control Systems and Others.
Increasing awareness of energy saving among customers, surging demand for real time home security coupled with growing technological advancements are anticipated to boost the global smart homes market during 2016 – 2021. In addition, backed by expanding Internet of Things (IOT) market, booming M2M communication market and thriving touch free intuitive gesture control market, the global smart homes market is expected to register a healthy growth rate over the next five years.
With increasing government efforts to optimize energy consumption, the adoption of energy management systems is expected to further increase in the coming years. In 2015, North America dominated the global smart homes market, followed by Europe, Asia-Pacific, Middle East & Africa and South America.
For more information, visit http://www.researchandmarkets.com/research/56mnml/global_smart
