Global IoT home automation market

IoT home automation is the utilization of intelligent terminals, which is the automation system to control home appliances and equipment. A rise in awareness for efficient energy usage, increase in electricity prices, and technological advancements are anticipated to drive the home automation market growth. Moreover, a rise in safety & security concerns fueled the adoption of a home automation system, thus boosting the market growth.

However, lack of awareness about home automation products and high initial investments in home automation are anticipated to hamper the home automation market growth. Raised in the adoption of automated services is anticipated to provide lucrative opportunities for the global home automation market.

The study Objectives are:

To analyze and research Global IoT Home Automation Market
status and future forecast，involving, production, revenue, consumption, historical and forecast.

· To present the key Global IoT Home Automation Market, production, revenue, market share, and recent development.

· To split the breakdown data by regions, type, manufacturers and applications.

· To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

· To identify significant trends, drivers, influence factors in global and regions.

· To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

The entertainment control market is expected to hold the largest share among different products in the IoT home automation market. The growth of the audio, volume, & multimedia room controls is driven by the convenience offered by these controls for managing and controlling the entertainment systems in a house.
Lighting control is anticipated to be the second-largest market for IoT home automation systems during the forecast period. Based on technology, the wireless segment is anticipated to dominate the wearable camera product market by 2024. Wireless technology is less invasive, have low set-up cost, and more convenient to use which has resulted in increased adoption of it in the IoT home automation system.

Key players operated in the Global IoT Home Automation Market

• AMX
• ADT Pulse
• Control4 Corporation
• Crestron
• Vera
• HomeSeer
• SmartThings
• Frontpoint
• Savant
• Siemens AG
• Johnson Controls
• Honeywell
• United Technologies Corporation
• Schneider Electric
• Acuity Brands
• Monitronics International
• Vivint Inc.
• Assa Abloy

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