Home Automation Market Worth a Ton of Money ($48b)
According to a new report today from the rather tragically-named research firm MarketsandMarkets, the home automation market was worth $19.5 billion in 2012, and is expected to grow to $48.02 billion by 2018. That’s as much as the market for “cloud computing” that people are always making such a fuss about.
It’s not hard to guess at the reasons for this rapid growth. Wireless technologies are getting cheaper and more ubiquitous, energy is getting more expensive, and people are getting more used to gadgets which are integrated into their lives. Companies like Nest are helping make home automation mainstream, too, with products like their Nest Learning Thermostat.
It’s a great time to be in the HA industry. And it’s also a great time to redesign/relaunch this blog!