Press release
Home Automation Market 2020-2025 Trends and Insights | Leading Players - 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
Latest new report on "Global Home Automation Market Size by Type, by Application, by Technology, by Region and Forecast 2018 to 2025" added to Adroitmarketresearch.comThe 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.
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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.
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.
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In 2017, North America had the highest market share in the global home automation market, followed by Europe, Asia-Pacific, central & South America and Middle-East & Africa. This is mostly due to high awareness among the consumers and technological advancements in the US and Canada. Almost all the major players in the world originate from the North American and European region, but Asia-Pacific countries are catching up with speed in terms of investments in home automation.
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.
Some points from Table of Contents:
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
Continued...
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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.
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