Global Smart Homes Market to Reach $47.61 Billion by 2020
2014-07-12
From a market size of $13.07 billion in 2013, the global smart homes market is forecast to grow at compound annual growth rate (CAGR) of 20.3 percent to reach $47.61 billion by 2020, according to a new study by Grand View Research. Emphasis on energy conservation and reduced carbon emissions are expected to be the key driving forces for the market over the forecast period.
