Press release
Smart Home Automation Market 2020 Size, Share, Industry Trends, Growth, Technology and Global Forecast 2025 | Honeywell, Johnson Controls, Control4, Cisco System, ADT
The global smart home automation market is expected to surpass USD 94 billion by 2025 by growing at a CAGR of over 12% during the forecast period 2020-2025. With the advent of the Internet of Things (IoT), the emergence of next-gen connected systems and the proliferation of smartphones and gadgets across the globe, the home automation market is expected to rise with a growth rate of double digits. Also, the home automation market is driven by the increasing energy costs, which boosts energy efficiency and optimization of energy consumption through the home.Request a sample of this report @ https://www.adroitmarketresearch.com/contacts/request-sample/254
One of the major factors expected to drive the smart home automation market over the forecast period is a growing demand for digital features like the convenience of remote operation where they have access to technologically advanced devices, particularly in developed economies. Among the key application, Monitoring and security and Lighting control system have a significant presence in the smart home automation market. Home automation allows users to turn on the lights, turn down the heat, automatic door locking, irrespective of the location. It offers different functions and services such as remote lighting control, thermostat control, fire and carbon monoxide monitoring, home automation security systems and cameras, appliance control, alarm systems, live video surveillance, real-time text, and email alerts.
Lighting, entertainment, safety & security, HVAC, and others are some of the applications analyzed in this market. Among these, the lighting segment is expected to hold significant growth during the forecast period. Increasing the expansion of major companies such as Phillips, GE Lightning, Advanced Lighting technology, etc. in emerging economies is anticipated to drive the lighting segment in the given analysis period. Moreover, increasing the adoption of wireless technologies is another factor contributing to the growth of this segment in overall market analysis.
Browse the complete report @ https://www.adroitmarketresearch.com/industry-reports/smart-home-automation-market
The report also throws light on various aspects of the global smart home automation market by assessing the market using value chain analysis. The report covers several qualitative aspects of smart home technology in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The global smart home automation market has strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
Based on applications, this market covers categories like Lighting Systems, Security and monitoring entertainment and HVAC. The market for lighting system is expected to witness the highest growth rate over the forecast period.
On the geographical front, North America dominated the global smart home automation market in 2019 and is expected to do so over the forecast period 2019-2025. This region witnesses a matured market for technology adoption due to advanced IT infrastructure, the presence of many enterprises, and the availability of capable technical expertise. The US and Canada are expected to contribute significantly to the growth of the market in North America.
Get Discount on this Report: https://www.adroitmarketresearch.com/contacts/discount/254
The key players operating within the global smart home automation market are Honeywell, Johnson Controls, Control4, Cisco System, ADT, and others. As of 2019, the market for smart home automation providers is fragmented with the presence of established global and domestic players across the globe. Moreover, the established companies are coming up with upgraded versions of smart home automation systems with upgraded as well as advanced digital and automation solutions.
Segment Overview of Global Smart Home Automation Market
Application Overview, 2018-2025 (USD Billion)
Lighting Systems
Monitoring and Security
Entertainment
HVAC
Component Overview, 2018-2025 (USD Billion)
Hardware
Software
Services
Technology Overview, 2018-2025 (USD Billion)
Wired
Wireless
Regional Overview, 2018-2025 (USD Billion)
North America
U.S.
Canada
Europe
France
UK
Germany
Rest of Europe
Asia Pacific
China
India
Japan
Rest of APAC
South America
Brazil
Rest of South America
Middle East and Africa
Place a purchase order of this report @ https://www.adroitmarketresearch.com/researchreport/purchase/254
About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Us:
Ryan Johnson
Account Manager - Global
3131 McKinney Ave Ste 600
Dallas, TX 75204
Email ID:sales@adroitmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Home Automation Market 2020 Size, Share, Industry Trends, Growth, Technology and Global Forecast 2025 | Honeywell, Johnson Controls, Control4, Cisco System, ADT here
News-ID: 2037124 • Views: …
More Releases from Adroit Market Research
Subscription and Billing Management Market Analytical Overview and Growth Opport …
A sort of software called subscription and billing management is used to speed up the payment process for companies that provide subscription services and depend on recurring payments. Subscription and billing management solutions automate the billing procedure to lower the possibility of errors, increase client satisfaction, and give companies access to comprehensive reporting tools. Businesses can customise subscription packages, automate billing, provide customer self-service options, manage subscriptions across various payment…
Smart Office Solution Market Key Players, End User Demand and Analysis Growth Tr …
Innovative technologies called "smart office solutions" are created to optimise and enhance an office space's daily operations. They usually concentrate on automating repetitive processes, improving cooperation and communication, increasing staff productivity and workflow, and offering real-time insights into operational performance. The goal of smart office solutions is to help businesses save money and operate as efficiently as possible. They provide services that include cloud-based document management systems, CRM platforms, enterprise…
Rewards and incentives Market 2023 Growing Rapidly with Modern Trends, Industry …
Rewards and incentives are expressions of appreciation and acknowledgement offered to people or groups to acknowledge their efforts, achievements, or performance. Rewards and incentives have the power to inspire workers, boost engagement, boost morale, and promote constructive behaviour at work. They may be given in the form of monetary awards or non-financial incentives like praise from others, promotions, extra vacation time, or other forms of remuneration. Rewards and incentives are…
Open-Source Intelligence Market Report Covers Opportunities, Industry CAGR, Dema …
The process of gathering and analysing information that is readily accessible to the public to produce intelligence that can be used to guide decisions is known as open-source intelligence (OSINT). Open-source intelligence is used to understand a company's or organization's operating environment, including its rivals, clients, suppliers, and potential threats. It is a technique for gathering intelligence that makes use of easily accessible and widely available data sources like the…
More Releases for USD
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com.
There is a $3,000,000…
Primary Alkaline Batteries Market Worth USD 14.58 Billion USD by 2026
The Global Primary Alkaline Batteries market size was valued at 10.31 Billion USD in 2019 and is projected to reach 14.58 Billion USD by 2026, at a CAGR of 5% during the forecast period.
An Primary Alkaline Batteries is a type of primary battery, which derives its energy from the reaction between zinc metal and manganese dioxide.
Get Detailed Analysis of COVID-19 Impact on Primary Alkaline Batteries Market @ https://reports.valuates.com/request/sample/QYRE-Othe-0I169/Global_Primary_Alkaline_Battery_Market
This report presents…
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa."
These days many businesses are adopting a market research report…
Eubiotics Market Set to Exceed USD USD 8.60 Billion by 2026
According to a new study published by Polaris Market Research the global eubiotics market is anticipated to reach USD 8.60 billion by 2026. The tightening and stringent restrictions on the use of antibiotic growth promoters along with the surging consumer pressure on food safety and consumer preferences are expected to be the major factors driving demand for these products that work as substitutes to in-feed eubiotics.
Eubiotics or specific organic…
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile and…
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market size…
