A Complete Analysis of the Home Automation Market

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Smart Home Automation Market Trend
Report and Industry Analysis on Smart Home
Automation Market
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Business Strategies and Consultant
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Table Of Contents
Business Introduction
Report Segmentation
Market Introduction
Research Methodology
Primary Respondent
Our Services
Continent Breakdown
Contact Us
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Our Company
Delvens is a market research and consulting
company headquartered in Delhi, India. The
company holds expertise in providing syndicated
research reports, customized research reports,
and consulting services. Delvens qualitative and
quantitative data is highly utilized by each
level from niche markets to major markets,
serving more than 800 prominent companies by
assuring to provide the information on country,
regional, and global business environment. We
have a database for more than 45 industries in
more than 50 major countries globally.
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Smart Home Automation
An Introduction to the Smart Home Automation
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Introduction

• Home automation is a network of hardware,
  communication, and electrical interfaces that
  work together to connect ordinary things to the
  Internet. Each gadget contains sensors and is
  WiFi-connected, allowing you to operate them from
  your smartphone or tablet whether you're at home
  or thousands of miles away. This enables you to
  turn on the lights, lock the front door, or even
  dial down the heat from anywhere. Home automation
  allows gadgets to trigger one another,
  eliminating the need to operate them manually via
  an app or voice assistant. With Internet of
  Things devices such as security cameras and
  systems, home automation may also contribute to
  increased safety.
• In this article we are going to gain a wider
  perspective on Home Automation Market.

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Market Prospect

• According to the market research report published
  by Delvens, global home automation market size
  has reached a value of USD 52.9 billion in 2021
  and is expected to reach USD 78.4 billion in 2028
  growing at a CAGR of 16.39. Security and
  facilities they offered is the main features
  which have attracted customers towards it.
  Developed nations have already adopted this
  technology and offers a good market for it and
  with increasing income and drop of price of the
  technology have bought the attention of
  developing nations.

Regional Analysis

• If we talk about home automation market regional
  analysis, North America is the biggest market of
  home automation systems. Technological
  development and awareness among customers about
  the value these systems bought has helped to make
  it the biggest market and as per Delvens market
  research report, North America will continue to
  be the biggest market till 2028. Home automation
  industry in US has reached USD 12.35 billion in
  2020.

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• Home automation market for Europe has also grown
  significantly. United Kingdom as one of the
  largest markets in Europe followed by Germany and
  Netherland. Smart TVs, smart thermostat, and
  smart camera are the most preferred devices in
  Europe.
• With increasing income and increase in population
  of tech savvy people in Asia-Pacific, home
  automation systems are gaining popularity in this
  region also. Asia-Pacific is one of the fastest
  growing markets for home automation system.

Market Drivers

• Internet of Things - Internet of Things
  technology is likely to increase the size of the
  smart home automation market. With new
  development and ease of connectivity will drive
  the growth of home automation industry.
• Energy-Efficient Solution - An increase in demand
  for energy-efficient solutions is driving the
  home automation industry. Home automation devices
  are designed to save electricity also. With
  rising in power shortage, these devices have
  become people's choice.

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• Increase in Smartphone Users - With increase in
  smartphone users, it has become easy to use smart
  devices. As more and more people are using
  smartphones, home automation devices will find
  their way in the houses.
• Affluent and Elegant Lifestyle - Smart devices
  not only offer ease of life but also provides a
  sense of elegant lifestyle. Many people buy these
  devices to experience the futuristic technology.

Market Retainers

• Covid 19 - Pandemic has disrupted many industries
  and it holds true for home automation industry
  also. Lack of manpower, decreased demand in
  market, and disruption of supply chain has
  affected the growth of the market.
• High Cost - Although technological advancement
  has helped in lowering the price of these devices
  but still these devices cost high. This can
  affect growth of the market but with development
  of technology, it will become affordable for
  low-income group also.

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• Lack of Awareness - In many developing nations,
  people are unaware of the benefits of smart
  devices which hinders its growth. As companies
  started exploring new market and increase
  awareness among people, those without knowledge
  of these devices may start preferring these
  devices.

Developments

• In January 2018, Interlogix, a United
  Technologies company, revealed new features and
  components for its UltraSync Smart Home system,
  which offers customers greater home security and
  automation options.
• ADT Inc. established a long-term cooperation with
  Google LLC in August 2020 to provide smart home
  security systems across the United States.
  Furthermore, Google has invested USD 450 million
  in ADT Inc. to strengthen its home security
  product.
• The UEI and Hunter Douglas PowerView Gen 3
  Gateway and Remote Control is now available. The
  new approach has been completely revamped to make
  automated shading more convenient, reliable, and
  scalable.

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• Frenchcalifornia has collaborated with Google to
  display its Nest smart-home devices in a set of
  showcase apartment interiors at Selene, Foster
  Partners' 63-story luxury tower in New York.
• Vivint Has Emerge As The Leading Smart Home
  Provider. Vivint was valued at over 2 billion in
  late 2012, and it exceeded 650 million in
  revenue in 2015.

Conclusion

• Today, we have an abundance of IoT devices such
  as smart lights, smart appliances and smart
  locks. Home automation allows such devices to be
  controlled using your smartphone, tablet or
  computer. No longer will you waste valuable time
  looking for your keys, or turning up the heat
  from your bed. As more devices are connected to
  the Internet, the home becomes increasingly more
  automated. In the future, we will control
  everything from one central system, gaining
  immense amounts of convenience.

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Designation Breakdown
Breakdown of our data collection from People of
different Designation
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Product Manager
Primary Respondent
CEO
They are the major contributor with 35
30 of our primary respondents
Sales Manager
Distributors
Their contribution is about 25
10 of our data come from them
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Continent Breakdown

• Breakdown of our data collection from different
  continents

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Report Segmentation
Region
Technology
End-User
Application
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• On the basis of Application
• Lightning
• Safety Security
• HVAC
• Entertainment
• Others
• On the basis of Technology
• Wired
• Wireless
• On the basis of End-User
• Residential
• Commercial

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• On the basis of Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East Africa

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How to Purchase the Report

• Delvens offers many customisation to cater your
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  report is segmented as per user where you got
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• Single User
• Multiple User
• Corporate User
• If you want report for Globally, Regional or
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  easy step to choose from continent-wise as well
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• You can talk to our representative by clicking

Contact Us
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No. Of Pages 360
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Report Regional
Report Country Specific
User Single
User Multi
User Corporate
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Research Methodology
Market Integration
Data Extraction
Data Analysis
Data Validation
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Data Extraction The stage involves the
procurement of market data or related information
via different sources methodologies. Data
Analysis This step involves the analysis
mapping of all the information procured from the
previous step. It also encompasses the analysis
of data discrepancies observed across various
data sources. Market Integration The final step
entails the placement of data points at
appropriate market spaces in an attempt to deduce
viable conclusions. Analyst perspective subject
matter expert based heuristic form of market
sizing also plays an integral role in this
step. Data Validation Validation is the most
important step in the process. Validation
re-validation via an intricately designed process
helps us finalize data-points to be used for
final calculations.
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Our Services
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Best Practice Guide
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Syndicated Research
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Consulting Services
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Custom Research Services
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Audio-Video Infographic Workshop
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Implementation Support
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Bundle Reports Model
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Subscription Model
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