Study Reports Estimated 44.6 million Installations by 2019
Cloud-based home management systems that allow users to remotely control household features like HVAC and lighting are set for rapid growth in the coming years, with the worldwide installed base set to rise by a factor of eight from 2013-2018, according to IHS Technology.
The global installed foundation of cloud-based home management services is projected to grow to 44.6 million at the end of 2018, up from 5.6 million at the end of 2013, said IHS. The installed base this year will surge 63 percent to 9.1 million.