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Follow on Google News | Global IoT Home Automation MarketGlobal IoT Home Automation Market – Analysis and Forecast (2016-2024) – by installation, by application, by Technology, by Geography
Global IoT Home Automation Market was valued US$ 39.60 Bn in 2016, and is projected to reach at US$ 81.64 Bn by 2024, growing at a CAGR of 11.2% during a forecast period. On the basis of technology, the global IoT home automation market is divided into wired and wireless. Based on regions, the global IoT home automation market is segregated into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa. Browse Complete Premium Research Report Enabled with Respective Tables and Figures at https://www.maximizemarketresearch.com/ The entertainment control market is expected to hold the largest share among different products in the IoT home automation market. The growth of the audio, volume, & multimedia room controls is driven by the convenience offered by these controls for managing and controlling the entertainment systems in a house. Lighting control is anticipated to be the second-largest market for IoT home automation systems during the forecast period. Based on technology, the wireless segment is anticipated to dominate the wearable camera product market by 2024. Wireless technology is less invasive, have low set-up cost, and more convenient to use which has resulted in an increased adoption of it in the IoT home automation system IoT home automation is utilization of intelligent terminals, which is automation system to control home appliances and equipment. Rise in awareness for efficient energy usage, increase in electricity prices, and technological advancements are anticipated to drive the home automation market growth. Moreover, rise 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 anticipated to hamper the home automation market growth. Raised in adoption of automated services is anticipated to provide lucrative opportunities for the global home automation market.. Key players operated in the Global IoT Home Automation Market • AMX • ADT Pulse • Control4 Corporation • Crestron • Vera • HomeSeer • SmartThings • Frontpoint • Savant • Siemens AG • Johnson Controls • Honeywell • United Technologies Corporation • Schneider Electric • Acuity Brands • Monitronics International • Vivint Inc. • Assa Abloy Reason to buy Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments - Highlights key business priorities in order to assist companies to realign their business strategies. - The key findings and recommendations highlight crucial progressive industry trends thereby allowing players to develop effective long term strategies. - Develop/modify business expansion plans by using substantial growth offering developed and emerging markets. - Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it. - Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals. About us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. At Maximize, we take care that we provide growth solutions for present corporate pain areas such as (1) Increasing production cost (2) Thinning profit margins (3) market Saturation and Growing competition (4) Incessant changes in technologies & hence the related processes (5) Changing demographic structures of economies across the globe (6) Changing business centers and Consumer segments Our mission: Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia. Our Main Aim is to find the Important Insights of market and give it to you and it will help to grow your Business Rapidly in Market. Contact us: Miss. Parimal Darne. OmkarHeights,ManikBaug,VadgaonBk, Opp.IndianHumePipeCo., SinhagadRoad,Pune– (Maharashtra, India) Email: sales@maximizemarketresearch.com Website : https://www.maximizemarketresearch.com/ +91 96071 95908 End
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