Press release
IoT Home Automation Market to reach USD 181.28 Bn by 2029, Recent Innovations and Growth Opportunities
The global IoT Home Automation market is expected to reach USD 181.28 Bn by 2029, growing at a CAGR of 12.10 percent from 2021 to 2029. The market accounted for USD 72.69 Bn in 2021. An IoT-based home automation system includes a server and sensors, consisting of a variety of smart devices such as lighting, security, and home entertainment that are connected in a mesh network via a common network established by the gateway.IoT Home Automation Market Report Scope and Research Methodology
This report provides a detailed analysis of the market, including market dynamics, drivers, restraints, opportunities, and challenges. The report covers the following segments: Installation, Applications, and Technology. The study provides a comprehensive analysis of the key players operating in the market, including their financial overview, business strategies, and recent developments. The research methodology used to estimate the market size includes primary and secondary research.
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The research methodology used to estimate the market size includes primary and secondary research. The primary research involves extensive interviews and surveys with key opinion leaders, industry experts, and market players. The secondary research involves verifying and collecting data from secondary sources, such as company websites, annual reports, press releases, and financial reports.
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IoT Home Automation Market Dynamics
The IoT Home Automation market is propelled by the increasing use of IoT devices in home automation systems. IoT-based home automation systems use internet protocols or cloud computing to control all smart devices in the home, offering flexibility, ease-of-installation, easy problem detection, and mobility. The COVID-19 pandemic has also played a role in the market's growth, as people stay at home, increasing their dependency on digital gadgets and the internet.
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IoT Home Automation Market Regional Insights
North America accounted for the largest market share in 2021 and the regional market is expected to grow at good CAGR during the 2021-2029 period. Nearly 30 Mn US households are expected to incorporate smart home equipment in the near future, indicating that smart homes are on the rise.
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IoT Home Automation Market Segmentation
By Installation
Luxury home
Mainstream home
Managed home
DIY Home
By Application
Lighting
Safety & security
HVAC
Entertainment
Others
By Technology
Wired
Wireless
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IoT Home Automation Market Key Competitors include:
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.
Sylvania
Ring
Wink
TP-Link
SimpliSafe
Table of Content for IoT Home Automation Market
Global IoT Home Automation Market: Research Methodology
Global IoT Home Automation Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global IoT Home Automation Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global IoT Home Automation Market Segmentation
Global Market, by Installation (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by Technology (2021-2029)
Regional IoT Home Automation Market (2021-2029)
Regional Market, by Installation (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Technology (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Installation, Application and Technology
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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