Smart Home Automation Market 2020: Challenges, Growth, Types, Applications, Revenue, Insights, Growth Analysis, Competitive Landscape, Forecast- 2025

1
Smart Home Automation Market

• by Application (Lighting Systems, Monitoring and
  Security, Entertainment, and HVAC), Component
  (Hardware, Software, and Services), Technology
  (Wired and Wireless) And Region, Global Forecast
  2018 to 2025

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2
Increasing Advancement In Technologies And
Connected Devices Has Led To Smart Home
Automation Market Growth

• 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.
• 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.

3
Increasing Advancement In Technologies And
Connected Devices Has Led To Smart Home
Automation Market Growth

• 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.
• 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.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/smart-home-automation-market

4
Key segments of the 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

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Key segments of the global Smart Home Automation
market

• Regional Overview, 2015-2025 (USD million) (Kilo
  tons)
• North America
• Europe
• Asia Pacific
• Central South America
• Middle East Africa
• Purchase a single user copy of the global Smart
  Home Automation market report_at_ https//adroitmarke
  tresearch.com/researchreport/purchase/254

6
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