Press release
Artificial intelligence (AI) In Home Automation Market Analysis, Market Size, Leading Players, Share And Forecast To 2033
Artificial intelligence (AI) In Home Automation Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19310&type=smp
According to The Business Research Company's, The artificial intelligence (AI) in home automation market size has grown exponentially in recent years. It will grow from $15.84 billion in 2023 to $20.52 billion in 2024 at a compound annual growth rate (CAGR) of 29.5%. The growth in the historic period can be attributed to increasing consumer demand for convenience, improved connectivity, cost reductions, energy efficiency, increased adoption of smart device.
The artificial intelligence (AI) in home automation market size is expected to see exponential growth in the next few years. It will grow to $57.99 billion in 2028 at a compound annual growth rate (CAGR) of 29.7%. The growth in the forecast period can be attributed to rising consumer awareness, increased focus on energy efficiency, expansion of 5g networks, government incentives and regulations, expansion of smart city projects. Major trends in the forecast period include integration of ai and iot, voice-activated and natural language processing technologies, enhanced security and privacy features, technological integration, advancements in personalization and customization.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-ai-in-home-automation-global-market-report
Market Drivers and Trends:
The growing adoption of smart home devices is expected to propel the growth of AI in home automation market going forward. Smart home devices are interconnected gadgets that automate and control various aspects of a home, such as lighting, temperature, and security, through remote access and intelligent technology. The growing adoption of smart home devices is driven by increased consumer demand for convenience, enhanced energy efficiency, and improved security features, combined with advancements in technology and affordability. AI home automation enhances the growing adoption of smart home devices by enabling more personalized, intuitive, and efficient control of home environments through advanced machine learning algorithms and predictive analytics. For instance, in September 2022, according to Dataconomy, a Germany-based portal for news, events, and expert opinion from the world of data-driven technology, by the end of June 2022, there were 17.1 connected gadgets and smart home appliances per home on average around the world, a 10% increase over the previous year at the same period.
Major companies operating in the AI home automation market are integrating generative AI into consumer technology for enhanced personalization, such as generative AI-based home automation script generators, to create highly customized and adaptive home environments with extended market offerings. Generative AI-based smart home automation script generators automatically create customized scripts and routines for managing and optimizing smart home devices and systems. For instance, in November 2023, Google LLC, a US-based technology company, launched an innovative generative AI feature named "Help Me Script" in its script editor, designed to enhance smart home automation. This experimental tool enables users to create personalized automation scripts through natural language prompts, simplifying the process for individuals without coding expertise. This feature is available for a limited time and aims to empower users with advanced customization capabilities previously unattainable. Additionally, incorporating AI-driven automation, such as using camera events to trigger actions, points to a future where smart homes are increasingly proactive and responsive to user needs, further enhancing convenience and security.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Amazon.com Inc., Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Siemens AG, Intel Corporation., International Business Machines Corporation, LG Corporation, Panasonic Corporation, Xiaomi Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd, Nvidia Corporation., Johnson Controls International PLC, Legrand, ADT Inc., Vivint Smart Home Inc., iRobot Corporation, Sansiri PLC, Control4 Corporation, Qualisys AB, Mycroft AIInc., Josh.ai
Artificial intelligence (AI) In Home Automation Market 2024 Key Insights:
• The artificial intelligence (AI) in home automation market size is expected to see exponential growth in the next few years. It will grow to $57.99 billion in 2028 at a compound annual growth rate (CAGR) of 29.7%.
• Rising Smart Home Device Adoption Fuels AI In Home Automation Market Growth
• Generative AI Revolutionizes Smart Home Automation With Enhanced Personalization
• North America was the largest region in the artificial intelligence (AI) in home automation market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=19310&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Artificial intelligence (AI) In Home Automation Market Analysis, Market Size, Leading Players, Share And Forecast To 2033 here
News-ID: 3760868 • Views: …
More Releases from The Business Research Company
The Role Of Advanced Driver-Assistance Systems (ADAS) In Autonomous Vehicle Simu …
The Autonomous Vehicle Simulation Solutions Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Autonomous Vehicle Simulation Solutions Market Size During the Forecast Period?
In recent times, there's been significant growth in the market size of autonomous vehicle simulation solutions. Forecasted expansion shows…
Autonomous Agents Industry Report 2025-2034: Market Dynamics, Trends, And Foreca …
The Autonomous Agents Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Autonomous Agents Market Size During the Forecast Period?
In the last few years, the market size for autonomous agents has seen an exponential rise. The projection is that its worth will…
Evolving Market Trends In The Automotive Smart Antenna Industry: Transparent Ant …
The Automotive Smart Antenna Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Automotive Smart Antenna Market Size During the Forecast Period?
Over the years, the market size of the automotive smart antenna has witnessed significant growth. This market is projected to expand…
Automotive Prognostics Market Surges In Response To Road Accident Concerns: Key …
The Automotive Prognostics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Automotive Prognostics Market Size During the Forecast Period?
In recent times, the automotive prognostics market has witnessed a significant expansion. The market size, which is at $8.32 billion in 2024, is…
More Releases for Corporation
Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report.
The global endotherapy devices market is projected to reach…
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
Smart Camera Market || Key Players - Samsung Electronics Co., Canon Inc., Nikon …
Looking at the current market trends as well as the promising demand status of the Smart Camera Market, it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global Smart Camera Market. Readers can gather prime facets connected to the target market which includes product, end-use and application;…
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally.
Introduction
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’.
Get PDF for more Professional and Technical insights…
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at…
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market…
