Which
is an extensive research study on the home automation and controls
market. The report specifically analyzes the security control, access
control, lighting control, HVAC control, outdoor control,
entertainment control, and standards, data distribution, and other
communication protocols. According to this report, the market was
valued at US$3.6 billion in 2012 and is expected to reach US$16.4
billion by 2019, growing at a CAGR of 24.6% from 2013 to 2019.
At
present, the market for home automation stands at a point of
inflection. Homes with automation technologies and computing devices
are created in the effort to enhance the scope of home owners in
terms of convenience, comfort, security, and entertainment. The
market is characterized by high-level inter and intra industry
competition, complexity of solutions, multiple and incompatible
standards, large number of networking technologies, and subsequent
high priced products.
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Home Automation Market Report with Full TOC at
http://www.transparencymarketresearch.com/home-automation-market.html
The
home automation market is undergoing a growth phase marked with
immaturity and complexity. There are variations observed in growth
patterns across different geographies. The presence of proprietary
platform based systems has exceeded the open-platform systems making
things more complex for end-users. All such variations exist in terms
of applications preferred and technologies used, thereby making
end-consumers as final beneficiaries who are now capable of high
benefits due to price competitiveness.
The
global home automation market is gradually observing a shift towards
systems created for mass adoption, and with entry of key players such
as telcos, broadband service providers, utilities and others, the
market is expected to witness an intensified competition and
transition over the forecast.
User
demand for a universal solution that is easy to install and operates
across multiple platforms is precisely achieved through home
automation technology that is competitively priced and can be
conveniently integrated with different automation sub-systems in a
home setting. Such aspects have turned the market from a luxury
dominated market into a mainstream market. Due to this induced trend
many players are now in the process of developing advanced solutions
for mainstream market. However, both the segments will collectively
account for 71.0% of the global market by 2019, and are expected to
grow at an estimated rate of 27.5% from 2012.
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This
report gives a detailed overview of the current trends including
review of market dynamics with focus on growth challenges,
restraints, opportunities, and market drivers. The report analyzes
the global home automation market in terms of revenue (USD million).
Besides the report providing detailed analysis by application and
networking technology, the study also covers company profiles of the
key players in the global market. Some of the noteworthy market
players include AMX LLC, ADT Corporation, Crestron Electronics, Inc.,
and Control4 Corporation - all accounting for over 35% of the market
share.
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all Press Releases:
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Geographically,
the U.S. has emerged as the single largest market for home automation
systems. North America is expected to remain the largest market
throughout the forecast period. This region estimated a revenue share
of 40.7% in 2012. Restoration of construction activities in
renovations and new residential buildings are some of the supporting
factors boosting the growth of this market in North America.
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all Article :
http://www.transparencymarketresearch.com/articles.htm
North
America and Europe are at the forefront when it comes to smart
meters. The deployment of such devices and rising need to reduce
household energy bills further drives the demand for home automation
systems in these regions. Other high potential markets demanding for
home automation technology systems are present in countries like,
Germany, China, India, and Australia spread across Asia-Pacific and
Europe.
All
these regions are witnessing an influx of new and existing players,
as well as growing consumer preference for safety and security
solutions.
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