According to a new market research report, “Smart Homes Market by Product (Energy Management System, Security & Access Control, Entertainment Control, and HVAC Control), Protocol and Technology (Protocol, Cellular Technology, and Communication Technology), Service (Installation, and Customization), and Geography (North America, Europe, APAC, and ROW) - Trend and Forecast to 2020,” published by marketing research firm, MarketsandMarkets, Dallas, the market is expected to grow at a CAGR of 17 percent between 2015 and 2020, to reach $58.68 billion by 2020.