The study covers the global home automation market revenue for a period ranging from 2015 to 2025, in which, 2015 to 2017 indicate the actual annual revenue and the forecast revenue is from 2018 to 2025. The global home automation market report also includes qualitative insights such as the value chain analysis, drivers, restraints, PESTLE analysis, regulatory framework, and Porter’s five forces analysis. The global home automation market 2018 gives a complete view encompassing consumption, import and export for key regions and countries.

The global home automation market size is anticipated to reach USD 46.22 billion by 2025 owing to the growing popularity of Internet of Things (IoT) and rapid adoption of smartphones and other gadgets. Upcoming wireless technologies such as 5G, Bluetooth, ZigBee, Z-Wave and other proprietary protocols will have a significant impact on the overall growth of home automation market in coming years.

With growing awareness of new home automation technologies and rising preference to luxurious lifestyle in developing economies have fuelled the growth of global home automation market. Furthermore, growing concerns of efficient energy usage and increasing awareness of safety & security among the consumers will collectively drive the home automation market across the globe. However, high initial costs and lack of high speed internet connectivity are few challenges that could hamper the growth of home automation market.

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With smart technology being installed in your house, you can monitor anything and everything just with the help of your phone. How many times has it happened that you forgot to turn off the oven or air conditioner or lights while leaving home for office? Smart home technology helps you to check everything just through the appropriate mobile application. With smart home technology in your house you do not need to double or triple check everything before leaving home and waste your time. All this can be done automatically or manually by you through mobile application while you are in cab. You can also switch on the oven while you are in a cab and heading home. This way when you will reach home hungry and tired, your food will already be cooked that too without wasting any extra time or energy.

Innovative Home Automation is the future

While some technologies have already arrived some are in the process of making. With the help of techniques like Artificial Intelligence, Internet of Things, Machine Learning days where everything can be automatically operated are not very far away. Who does not want a comfortable life that ensures security of loved ones, savings and everything without tension!

The home automation market is vastly being disrupted by the inception of voice assistants. This trend of integrating of voice assistants with the home appliances is on a rise as, it is much simpler to give voice commands rather than carrying a smartphone every time. One of the major challenges that could be faced in the future is the interoperability of different devices and applications. Given the relevance of voice assistants, the partnership between the stakeholders will be more important. Also, home automation market will also have a significant impact in the insurance industry. Insurance companies have started partnering with home automation manufacturers by leveraging different devices as a part of an insurance product. For instance, Roost, which is a home automation vendor has partnered with numerous insurance companies such as Aviva, Liberty Mutual, Bankers Insurance Group, Desjardins and others.

The home automation market is highly fragmented with both local and global players. Also, due to lack of standardization, many players are competing in the market with their own proprietary technologies. Some of the prominent players in the global home automation include Siemens AG, Crestron Electronics Inc., Control4 Corporation, Zigbee alliance, ABB, Nest Labs, Google Inc., Apple Inc., AT & T, Vantage Controls (Legrand) and others.

Get the access of more information through our blog, Blogs and Case study:

1. Blogs on "Future Innovations in Home Automation"

2. White Paper on "Significant Role of Internet of Thing in Home Automation System"

3. Case Study on "Learning Perspective and Industrial Development in IoT-Smart-Home-Solutions"

The home automation market is highly fragmented with both local and global players. Also, due to lack of standardization, many players are competing in the market with their own proprietary technologies. Some of the prominent players in the global home automation include Siemens AG, Crestron Electronics Inc., Control4 Corporation, Zigbee alliance, ABB, Nest Labs, Google Inc., Apple Inc., AT & T, Vantage Controls (Legrand) and others.

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Key segments of the global home automation market

Type Overview, 2015-2025 (USD million)

Custom automation (luxury) systems
Mainstream automation systems
DIY (Do-It-Yourself) automation systems
Managed home automation services
Application Overview, 2015-2025 (USD million)

Lighting
Safety and security
HVAC
Entertainment
Energy management
Others
Regional Overview, 2015-2025 (USD million)

North America
Europe
Asia Pacific
Central & South America
Middle-East & Africa
What does the report include?

The study on the global home automation market includes qualitative factors such as drivers, restraints, and opportunities
Additionally, the market has been evaluated using the Porters 5 Forces and Value Chain Analysis.
The study covers the qualitative and quantitative analysis of the market segmented on the basis of type, application, technology, and region. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.
The study includes the profiles of key players in the market with a significant global and/or regional presence.
Some Points From TOC:

Chapter 1. Executive Summary

Chapter 2. Research Methodology

2.1. Research approach

2.2. Scope, definition, and assumptions

2.3. Data sources

Chapter 3. Market Outlook

3.1. Introduction

3.2. Key trends

3.2.1. Market drivers

3.2.2. Market Restraints

3.2.3. Market opportunities

3.3. Value chain analysis

3.4. Vendor Landscape

Chapter 4. Global Home Automation Market Overview, By Type

4.1. Global Home Automation Market Share, by Type, 2017 & 2025

4.2. Custom Automation (Luxury) Systems

4.2.1. Market size and projections, 2017 - 2025

4.3. Mainstream Automation Systems

4.3.1. Market size and projections, 2017 – 2025

4.4. DIY (Do-It-Yourself) Automation Systems

4.4.1. Market size and projections, 2017 – 2025

4.5. Managed Home Automation Services

4.5.1. Market size and projections, 2017 – 2025

Chapter 5. Global Home Automation Market Overview, By Application

Continue…….

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