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Home Automation Market Trends and Forecast

The future of the global home automation market looks attractive with opportunities in the residential sector. The global home automation market is expected to reach an estimated $132.8 billion by 2030 with a CAGR of 9.7% from 2024 to 2030. The major growth drivers for this market are increasing consumer need for simplicity of functioning and personalized experience, increasing awareness related to safety and security, and the growing adoption of cloud-based technologies.