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Global Home Automation Market, Revenue and Forecasts to 2025

Thursday, March 9, 2017 21:57
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The “Global Home Automation Market report categories the global market by Products, Networking and Geography” report provides a detailed overview of the major factors impacting the global market with the market share analysis and revenues of various sub segments.

Global Home Automation can be termed as controlling of home appliances automatically and remotely through intelligent terminals. With the increasing awareness of protection and security from theft and energy saving the market for Global Home Automation is poised to increase. The Global Home Automation includes switching off/on the air conditioning, dimming the light, automatic home appliances, managing cameras and entry gates etc. The main area of focus is residential, and commercial. Change in lifestyle of people, increasing security concern, and concern for energy efficient solutions are important driving factors of home automation.

The growing trend of using smartphones has led to increase in the use of Global Home Automation and improving internet connectivity is also one of the major reason for the market growth. The high technology adoption and awareness among people in North America is one of the major reason for its dominance in the market followed by Europe and Asia Pacific. The rules and regulations for conservation of energy by the European government is accelerating the market for Global Home Automation in Europe. The increasing awareness among people for security, energy saving and concern towards the environment has boosted the market and consumer demands.

The Global Home Automation market can be segmented on the basis of products into HVAC control, security & access control, lighting control, entertainment control and others. This can further be bisected on the basis of networking like Computing network Global Home Automation systems, wired Global Home Automation systems, Wireless Global Home Automation systems and Power-line Global Home Automation systems. The global home automated market is further bifurcated on the basis of regions into North America, Europe, Asia Pacific, South America and Middle East & Africa.

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With the rapid advancement in wireless technology there is a decrease in the prices of the Global Home Automation systems. Global Home Automation solution provides home safety through various devices like intrusion detection system, video surveillance and keypads, motion sensors, bit screen and alarms. The product for Global Home Automation is expensive and falls under luxury services.

The need to cut down the consumption of power in order to save energy and high investment in building infrastructure is analyzed to propel the demand for Global Home Automation in North America, Europe and Asia Pacific. Johnson Controls, Siemens AG, 2GIG Technologies, iControl Networks Inc., Honeywell International, Inc., Vantage Controls, ABB ltd., Crestron Electronics Inc., ADT Corporation, Schneider Electric SA, Control4 Corporation, United Technologies Corporation and AMX LLC are some of the chief markets players in this industry.

Reason to buy

  • Highlights widely used product offerings thereby allowing organizations to gain revenues by focusing majorly on select products
  • The key findings and recommendations highlight crucial progressive industry trends in the Home Automation market, thereby allowing players across the value chain to develop effective long term strategies
  • Get reliable information about the strategies manufacturers in this market use to drive revenue
  • Gain insights into the competitive landscape, to strengthen market competitiveness and positioning
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as the those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
  • Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.

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