LAS VEGAS: The global smart homes and buildings market is due to grow significantly between 2013 and 2020, with a compound annual growth rate (CAGR) of 29.5 per cent, according to Allied Market Research.
Their report entitled, ‘Global Smart Homes, Buildings (Energy Efficient, Automated) Market (Applications, Technologies, Products and End-User), Size, Share, Trends, Analysis, Research, Future Demand, Scope and Forecast, 2013 – 2020,’ expects market revenue to grow to $35.3 billion by 2020, which is a significant increase from $4.8 billion in 2012.
Rising energy costs, government initiatives and greater awareness of environmental concerns attribute to the rise we will see leading up to 2020…