Global IoT Home Automation market

Global IoT Home Automation market is forecasted to reach USD 79.57 Billion in 2024 at a CAGR rate of 11.3% with 2016 as a base year. Home automation is the process of controlling home appliances like fan, lights, outdoor lights,fire alarm, kitchen timer, etc automatically using various control system techniques. Internet of things (IOT) conceptualizes the idea of remotely connecting and monitoring the real world things through internet. Home automation is the process of controlling home appliances automatically using various control system techniques such as IOT based home automation over the cloud, home automation under Wi-Fi through android app from any smartphones, home automation using digital control, RF (radio frequency) based home automation system and touch screen based home automation. Maximize Market Research has undertaken extensive research about the current Global IoT Home Automation Market outlook with respect to its usage in various home appliances and enhanced the future scope for these technology. IOT is the really the secret that makes this whole system works. Today nearly 22.5 per cent of the consumers surveyed were familiar with the concept of IOT. With an increased internet penetration and data usage, the connected devices segment is expected to witness a huge growth by 2020. Home Automation in India is creating big opportunities, not only for Indian automation companies, but also for foreign companies. The rapid development of home-based automations, along with machine-to-machine communications will continue to create billions of new connected objects over the next few years and beyond. Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Global IoT Home Automation Market. The driving forces as well as considerable restraints have been explained in depth. Report segments Global IoT Home Automation Market by Installation, Application, Technology and Regions, providing the comprehensive analysis of ecosystem of automation industry, which will be useful to take informed strategic decision to the stakeholders in the industry. North America is expected to lead the overall home automation system market between 2016 and 2024. The demand for domestic energy management systems and the growing trend of green homes have contributed significantly toward the growth of this market. The number of smart homes in North America, especially the U.S., is much higher than that in any other region in the world. This market is expected to grow at a steady pace during the forecast period. The market in APAC is expected to grow at the highest CAGR during the forecast period owing to the presence of a significant number of new residential projects and strengthening of the building infrastructure. Scope of the Report:

Global IoT Home Automation Market, by Installation: Luxury home, Mainstream Home, Managed Home, and Do It Yourself Home

Global IoT Home Automation Market, by Application: Safety and Security, Lighting, Entertainment, HVAC, Others

Global IoT Home Automation Market, by Technology: Wired Home, Wireless Home, Computing Network Home, Others

Global IoT Home Automation Market, by Geography: North America, Europe, Asia Pacific, Middle East & Africa and Latin America

This Information is submitted by Market Research Company (Maximize Market Research.com PVT.LDT.)

Maximize Market Research provides B2B and B2C market research on 20,000 high growth