Consumer & Luxury Goods Market Research News

Home automation system software market to register a CAGR of +11% by 2022

Consumer Market Research

Home automation is utilization of intelligent terminals, which is automation system to control home appliances and equipment. Increase in awareness for efficient energy usage, rise in electricity prices, and technological advancements are expected to drive the home automation market growth.

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Our analysts forecast the Global Home Automation System Software Market to grow at a CAGR of +11% during the period 2018-2022.

Moreover, increase in safety & security concerns fueled the adoption of home automation system, thus boosting the market growth. However, lack of awareness about home automation products and high initial investments in home automation are expected to hamper the home automation market growth.

Increase in adoption of automated services is expected to provide lucrative opportunities for the global home automation market.

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This industry is expected to witness an increase in share owing to the growing adoption of systems or devices in a number of applications such as security, lighting, entertainment, HVAC & energy management, and smart kitchen. This technology has evolved with increasing preference among consumers for convenience, connectivity, safety, and security which are expected to fuel growth in the demand for the smart home automation systems.

Increasing urban population and growing geriatric population have created the need to incorporate smart home automation concept in order to address the arising challenges. The opportunities for the advancements of smart home automation system using mobile, applications and other platforms over different time spans is expected to be enormous.

Key Players Profiled in this Report:

Bft, Clipsal, Control4, Cool Automation, CP Electronics, CRESTRON, CUE, CYTECH TECHNOLOGY, DITEC, DIVUS, ELKO, eQ-3, Ergo3, ETAP, GIRA, HELVAR, IGNIA LIGHT, ilevia, Jung, Kaba, KBLUE, Nicolaudie Europe, NIMBUS, Savant Systems, Schwank, Seltron, SOMFY, VANTAGE, Zucchetti Axess.

Regions Covered:

United States, EU, Japan, China, India, Southeast Asia.

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After studying key companies, the report focuses on the startups contributing towards the growth of the market. Possible mergers and acquisitions among the startups and key organizations are identified by the report’s authors in the study.

Most companies in the Home Automation System Software market are currently engaged in adopting new technologies, strategies, product developments, expansions, and long-term contracts to maintain their dominance in this global market.

The cost analysis of the Global Home Automation System Software market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as industrial chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market.

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Table of Contents

Global Home Automation System Software Market Research Report

Chapter 1 Global Home Automation System Software Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Home Automation System Software Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Home Automation System Software Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

The report also looks into influential external factors likely to affect the development of the Home Automation System Software market in the coming years. These include the technological framework of the industry and likely advances expected in the coming years, consumer preference patterns, economic environment, and the demand for alternative technologies and devices.

The report presents studied 2018-2025 forecasts for this market.

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