Scope of the Study
Home automation is becoming integrated in everyday life. It is the next step in technology in which the internet connected devices are installed in home which can be operated remotely. Some of the products are plug and play which are sold to consumers. However, the consumers need the other devices to configure properly and work correctly. Smart home equipment manufacturers are making it easy to do the work on the devices, even if the individual is an enthusiast. But, itís no different than designing your own garden or hiring an expert landscaper. Hence, the smart home installation service market is having positive impact.
The market study is being classified, by Application (Commercial and Household) and major geographies with country level break-up.
Calix (United States), Finite Solutions (United Kingdom), Handy (United States), HelloTech Inc. (United States), Maryland Electrical Services LLC (United States), Meyer Electrical Services, Inc. (United States), Miami Electric Masters (United States), Red River Electric (United States), Rexel (France) and Insteon (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Smartify Home Automation Limited (India) and Vivint, Inc. (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Smart Home Installation Service market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Smart Home Installation Service market by Type, Application and Region.
On the basis of geography, the market of Smart Home Installation Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Usage of Advanced Security and Safety Devices
- Increasing Penetration of Internet Coupled with Adoption of Smartphones
- Technological Advancements in Home Appliances
- High Costs Associated with the Smart Devices may hamper the Market Growth
- Issue Related to Data Breach and Security
- Increasing Popularity of E-Commerce Channels is creating an Opportunity for Smart Home Installation
- Favorable Government Regulations to Promote Green Buildings
- Risks Related to Malfunctioning of Device
On December 2019, Schneider electric has launched easy homes which are a convenient and easy to install smart home solutions. It converts houses into smart homes, without disrupting the wiring. It allows connectivity through four interfaces, that are voice, app, remote and switches.
Key Target AudienceSmart Device Manufacturers, Smart home installation service provider, Government associations, Research organizations, software vendors and Others
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