Remote Home Monitoring Systems Market Share

Geographically, the remote home monitoring systems market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in North America industry is set to hold largest revenue share by 2036, due to advancements in technology and growth in the adoption of home automation products in the region to achieve a high standard of living and security. As per the analysis of National Association of Home Builders (NAHB), in 2019, 46% of US-based Millennials have at least one smart home products in the United States. Furthermore, Asia-Pacific is expected to be the fastest-growing market with a significant CAGR followed in the forecast period. The region’s market is expected to witness growth owing to rapid urbanization with the development of smart cities. Besides this, smart home evolution and mass commercialization have led to a large-scale modification in this market.