Industry Background:
The world has seen tremendous growth in home automation technologies during the last decade. Connected homes provide wide range of solutions for controlling, automating, and monitoring functions in the home. Automation and control have enabled interoperability in the home automation technologies. Latest trend in the market is emergence of Machine-to-Machine (M2M) communication and Internet of Things (IoT) which has led to a new world of opportunities and possibilities in the market. Moreover, the market is progressively gaining broader customer awareness in the developed regions propelling the market growth.This growth is primarily driven by Increasing Adoption of Smart Devices and Growing Government Regulations to Promote Green Buildings.
Globally, a noticeable market trend is evident Development of Lightening Solutions with Built Data-Connectivity Technology
. Major Players, such as Honeywell International Inc. (United States), Siemens AG (Germany), Schneider Electric SE (France), ABB Ltd (Switzerland), Johnson Controls Inc. (Ireland), Emerson Electric Company (United States), Samsung Electronics Co. (South Korea), LG Electronics Inc. (South Korea) and Crestron Electronics Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Increasing Adoption of Smart Devices
- Growing Government Regulations to Promote Green Buildings
Market Trend
- Development of Lightening Solutions with Built Data-Connectivity Technology
- Emphasizing On Development in Home Automation Technologies
Restraints
- Issues Related To Data Breach in Security and Privacy
Opportunities
Rapid Proliferation of Smartphones and Smart Gadgets and Rise in Demand for Automated Home
Challenges
Threat of Device Malfunctioning
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Connected Homes Study Sheds Light on
— The Connected Homes Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Connected Homes industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Connected Homes industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.