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  • Home Automation Market Overview, Growth Rate, Development and Outlook to 2025




    (I-SoftwareNews.Com, May 16, 2018 ) The home automation market is estimated to reach US$ 113.82 billion by 2025 from US$ 35.24 billion in 2016.

    Home Automation market is described as a range of on-premises or cloud-based capabilities that enable a house control its various operations such as in-door temperature, lights, entertainment units and security controls with the help of devices, such as smartphone, tablets and sensor remote controls. The concept of home automation has been in existence since long, however, lately, due to the suitable confluence of vital market, strategic, regulatory and technology trends, the home automation market is expected to witness a new phase in Home Automation market growth trend.

    Key trend which will predominantly effect the Home Automation market market in coming year is that a majority of people are projected to get access to a massive count of home automation devices in almost every aspect of their lifestyle. Owing to the globe is anticipated to witness voice command technology in almost every device. Presently, the voice command technology is only present in limited devices and one of them is smart phones. Moreover, this technology is also expected to eclipse over the remote control technology. In coming years the majority would be able to witness combination of sensor products, unlike the connected sensors utilized by Febreze Home.

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    The global home automation market by products is fragmented into Entertainment Centers, Security & Access Control, Lighting Control, Climate Control and Outdoor Automation System. The Home Automation market segmentation is based upon the various home automation products to improve efficiency and security. Security & Access control in the Home Automation market have acquired the biggest share of almost one-third in 2016, followed by Climate Control, and Lighting Control. The Security & Access Control product segment is expected to acquire the largest share attributed to the rising criminal incidences as well as increasing young working population seeking to monitor elderly and children through video surveillance.

    The overall Home Automation market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Home Automation market.

    Inquire for Discount on this Report:http://bit.ly/2Ipxd2W

    Some of the key players of home automation system market include

    Johnson Controls
    Siemens AG
    Legrand
    Schneider Electric SE
    Honeywell International, Inc.
    Control4 Corporation
    ABB Ltd.
    Crestron Electronics Inc.
    Leviton Manufacturing Company, Inc.
    Lutron
    Ingersoll-Rand PLC
    Vantage Controls

    Browse Complete Report with TOC:http://bit.ly/2GnO58j

    About Us:

    The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

    The Insight Partners

    Sameer Joshi

    +91 9666111581

    sam@theinsightpartners.com

    Source: EmailWire.Com

    Source: EmailWire.com

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