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Home Automation Market Revenue, Share, Key Vendors, Demand and Opportunities by 2023
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With the help of home automation, the various electrical and electronic systems can be structured through the support of automation and computerized controls. Desktop PC is used as a server in the home automation control. Bluetooth or wireless fidelity (Wi-Fi) enabled devices, such as mobile phones and laptops are used to control the application based systems in the home automation system. The home automation systems are convenient to install and use and they also meet the interoperability requirements for various applications.
On the basis of applications, the home automation market can be categorized as security and access control, smart meters, lighting control, smart hubs, smoke detectors, entertainment control, smart plugs, heating, ventilation and air conditioning (HVAC) control, and smart locks. Security and access control includes access control systems, monitors, accessories, touch screen and keypads, security cameras, motion sensors, storage, door contacts and video or software analytics. Lighting control includes dimming actuators, occupancy sensors, transmitters, daylight sensors, relays, shutter actuators, timers, receivers and switch actuators.
https://www.psmarketresearch.com/market-analysis/home-automation-market
Some of the factors driving the growth of the home automation market are increasing application areas, growing smartphone applications, up surging needs of the consumer for convenience, and connectivity safety. Some of the factors restraining the growth of the home automation market are low consumer awareness, dependency on real estate industry cycle, perceived security and health risks, and high initial investment and implementation cost.
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