Home Automation Market Size, Share and Growth | Global Trends and Forecast 2021-2028
The global home automation market size was USD 64.58 billion in 2020 and is projected to grow from USD 72.30 billion in 2021 to USD 163.24 billion in 2028, at a CAGR of 12.3% during the 2021-2028 period. This is consistent with the report by Research and Markets, which states that the global home automation system market size reached US$ 74.8 Billion in 2022 and is expected to reach US$ 124.1 Billion by 2028, exhibiting a CAGR of 8.4% during 2023-2028.