What is Home Automation Solution?
Home Automation Solutions arm homes with systems which can operate lights, applications, temperatures, locks, security cameras, electrical outlets, etc. remotely using remotes, smart phones or iPads. All major electrical systems are connected to a remotely operated network which can be accessed through a smartphone. Modern Home Automation Systems a step beyond just control of your heating or cooling systems and opens up Internet of Things field. One major driver for Home Automation Systems is the energy efficiency of such systems. With fast moving lifestyle and with minimal time for working professionals in urban areas as well as people’s rising living standards, such technology becomes necessity where it helps cut down time as well as offers remote monitoring and operability features. Increasing investments in application of Artificial Intelligence will help collect data and develop complex algorithms according to separate individuals, thus providing better and efficient home automation solutions according to individual necessities. Currently, North America, and Europe are major markets but rising number of start-ups and cheap alternatives from China and India also opens up market prospectus in Asia Pacific.
The market study is broken down by Type (Mainstream Home Automation Systems, Managed Home Automation Systems, Luxury Home Automation Systems and DIY Home Automation Systems) and major geographies with country level break-up.
Siemens (Germany), Legrand (France), Schneider Electric (France), Bosch Building Technologies (Germany), Resideo (United States), Ingersoll Rand (United States), Control4 (United States), Ouman Group (Finland), Produal Oy (Finland), ABB Ltd (Switzerland), Elan Home Systems LLC (United States), Johnson Controls (Ireland) and Silvan Innovation Labs Pvt. Ltd. (India) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Home Automation Solution market by Type, Application and Region.
On the basis of geography, the market of Home Automation Solution 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). If we see Market by End User , the sub-segment i.e. Residential will boost the Home Automation Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product , the sub-segment i.e. Security Systems will boost the Home Automation Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. Cloud Based will boost the Home Automation Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2019, Bosch Building Technologies, a leading company in home automation solutions based in Germany has announced acquisition plans of GFR. GFR is a complete building automation solutions provider with comprehensive hardware and software offerings. GFR which has completed many building and home automation projects in major shopping malls, hospitals and entertainment complexes. GFR’s years of expertise in the domain of home automation solutions will complement and further help the growth of Bosch Building Technologies, with the completion of acquisition.
In 2019, Produal Oy, Finland based one of the market leaders in Home Automation Solutions has announced completion of acquisition of SyxthSense Ltd, a United Kingdom based company which specialises in advanced sensor technology. The acquisition will help Produal to further expand its offerings as well as expand its geographical presence in United Kingdom.
- Inclusion of Artificial Intelligence, Internet of Things (IOT) and Cloud Computing
- Increased Investment in Automated Technology
- Rising Number of Tech Firms and Start-ups
- Increased Income of Middle Income Households
- Easy to Operate Systems, with Mobile Operability Feature from Anywhere
- Privacy Concerns about User Data
- Increasing Amount of Cyber Attacks and Data Breach Incidents
- Lack of Poor Technological Infrastructure in Developing Countries to Support Home Automation Systems
- Quality of Delivery of Technology
- Technology and Applications in Infant States, thus it Leaves Chances of Large Number of Bugs in Applications
Key Target AudienceHome Automation Solution Providers, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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