DEVELOPMENTS IN ADJACENT SECTORS OPEN OPPORTUNITIES FOR HOME AUTOMATION TO REACH A WIDER AUDIENCE
Home automation systems are becoming increasingly simpler for both end users and installers, driving the market forward and acquiring a wider audience. Technology advances also help create innovative and affordable systems that reach a more extensive customer base. New analysis from Frost & Sullivan, European Home Automation Markets, finds that the market earned revenues of €164.3 million in 2010 and estimates this to reach €228.7 million in 2015, at a compound annual growth rate of 5.1 per cent. 'Home automation has witnessed major changes over the recent years; the most significant has been the introduction of tablet computers which are having a major impact on the home automation market, particularly the luxury segment,' states Frost & Sullivan Research Analyst Hammam Ahmed. 'So far the market has satisfactorily addressed the new developments and is set to benefit from these advances in a manner that will promote home automation and make it available to a wider customer base.'
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