Hardware Retailing The Industry's Source for Insights and Information
Home automation technology is an ever-growing retail segment, and products for home security and other house improvements are top sellers worldwide.
Home security systems produced the most revenue –$1.51 billion–of all home automation products in a market that is growing rapidly, according to a report from Transparency Market Research, a market intelligence company.
Demand for Wi-Fi operated products is a driver for much of the growth that Transparency Market Research is observing, with Wi-Fi enabled products accounting for 50 percent of the overall market, Security Sales & Integration magazine reports in a recent article. When buying products in the life safety and security category, consumers are increasingly looking for ways to remotely monitor their homes, the article says.
“The home automation market is primarily driven by growing need for effective solutions in various domestic applications such as lighting, life safety and security, and energy management,” according to the magazine.
