
According to HTF Market Intelligence, the Global Room Automation System market to witness a CAGR of 9.1% during forecast period of 2023-2028. The market is segmented by Global Room Automation System Market Breakdown by Application (Lighting, Safety & Security, HVAC, Entertainment, Others) by Type (Hardware, Software) by Algorithm (Behavioral, Proactive) and by Geography (North America, South America, Europe, Asia. The Room Automation System market size is estimated to increase by USD 5.53 Billion at a CAGR of 9.1% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 40.7 Billion.