The Report Global DIY Home Automation Systems Market by Offerings, Product, Technology, and Region 2014-2025: Growth Opportunity and Business Strategy gives a detailed analysis on the home automation systems market in the global level. The report analyses the entire global market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources. The report provides historical market data for 2014-2017, revenue estimates for 2018, and forecasts from 2019 till 2025. The top players in the global level are Belkin International, Inc., Icontrol Networks, Inc., Ingersoll-Rand PLC., Ismartalarm, Lowe’s Iris, Nest Labs, Inc., Nortek, Inc., Smartlabs, Inc., Smartthings, Inc., Vera Control Ltd. and Wink.
Home automation is the employment of ‘Internet of Things’ (IoT) at homes. It is the connection of all devices at home with a remotely controllable network. This might range from lights, fans, air conditioning, refrigerators, electrical outlets, alarm systems, smoke detectors and so on. In the recent past, home automation has become a common offering of many construction projects which earlier was restricted only to commercial buildings and expensive houses.
A growing and cut – edging area of home automation is remote monitoring and access. Due to rise of smartphones and tablets, it is possible to connect our homes with the devices and have control over them while we’re away. Monitoring apps help in monitoring the devices from far away. It has a detailed history of the device’s performance right from the time of its use. Monitoring apps help in checking security cameras, current temperature of the room and other such valuable information.
Depending on the type of application, different collaborations are seen in the industry. This will give rise to more niche opportunities. Professional home automation and integrated building automation is likely to converge into one big industry and evolve to a more easily accessible market which once only the upper class could afford. All of these are accelerators in the overall smart home applications and home automation market. Increasing demand for light controls is also another growing segment in the market for home automation. Other growing segments include security and audio systems, energy management, freezers and home aquariums. Major research and development investments are focused on security. However, high costs, brand credibility, difficulty in usage and lack of relevance are few deterrents to the market.
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