{"id":281,"date":"2021-06-18T01:00:00","date_gmt":"2021-06-18T01:00:00","guid":{"rendered":"https:\/\/sagaciousresearch.com\/blog\/?p=281"},"modified":"2024-06-17T09:23:11","modified_gmt":"2024-06-17T09:23:11","slug":"individual-inventors-revolutionizing-home-automation","status":"publish","type":"post","link":"https:\/\/sagaciousresearch.com\/blog\/individual-inventors-revolutionizing-home-automation","title":{"rendered":"How Individual Inventors Are Revolutionizing Home Automation"},"content":{"rendered":"\n

Our fast-paced lifestyle needs a smart home that lets you control your home appliances from a mobile device – no matter where you are. Factors such as comfort, safety and security inspire inventors around the world to create breakthrough technologies<\/a><\/strong> in the field of home automation.<\/p>\n\n\n\n

Back in 2018, the global home automation<\/a> market was valued at a whopping USD 20.31 billion<\/a>. Since then, the growth in the field of home automation market has seen an upward sweep in terms of market size and innovation. It is particularly gaining momentum in developing countries, where the need for home automation is due to lifestyle changes and faster implementation of home automation technology.<\/p>\n\n\n\n

The chart below illustrates a significant growth in home automation market size, as well as the projected growth over the next six years. By 2025, we can expect the global home automation market to grow by USD 114 billion.<\/p>\n\n\n

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Figure: Global Home Automation Market<\/em> (Source<\/a>)<\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n

Prominent companies have been researching and developing solutions in the field of home automation technology. Key industry players in home automation technology<\/strong> are:<\/p>\n\n\n\n