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

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

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The global smart home automation market is expected to reach ~ USD 95 billion by 2025 and is anticipated to grow at a CAGR of over 12% in the next five years. – PowerPoint PPT presentation

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Title: 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

5
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
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets 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. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
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