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Global Home Automation Market to Expand at 26.30% CAGR from 2014 to 2020, owing to Increased Smartphone-based Home Automation Solutions

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With technological enhancements in many developing countries, home automation services are developing continuously across the globe. Home automation solutions use high-end digital technologies for providing enhanced performance and efficiency. Home automation systems comprise of a single application and integrated application solutions used for automating processes. Some of the manually controlled and electrically powered home automation systems are ACs, entrance gates, security cameras, and smart applications. The global home automation market is driven by the increasing number of smartphone-based home automation solutions, growing need for effective solutions in domestic applications, and improved internet connectivity to manage home automated applications.

Browse the full Report of Global Home Automation Markethttp://www.mrrse.com/home-automation-market

Smartphone-based Home Automation Solutions to Lead Global Home Automation Market

The global home automation market was valued at US$4.4 bn in 2014 and is expected to rise at a 26.30% CAGR during the period from 2014 to 2020. Growing awareness about conservation of energy and the capacity to manage energy consumption through automation technologies is expected to influence the growth of the global home automation market in the coming few years. Further, growing use of smartphone-based home automation applications is predicted to propel the global market for home automation.

The global home automation market is segmented on the basis of application, geography, network technology, and type. By geography, the global home automation market is divided into Asia Pacific, Europe, North America, and Rest of the World. North America dominated the global home automation market in 2014 in terms of revenue. The dominance of the North America home automation market is due to technological advancements in home automation services in this region. Moreover, the growing allure of new home automation applications will help the North America home automation market maintain its dominant position in the years to come.

Some of the prominent players in the global home automation market are Control4 Corporation, ADT Corporation, Siemens AG, Honeywell International Inc., Vantage Controls, Crestron Electronics, Inc., AMX LLC, 2GIG Technologies, Johnson Controls, iControl Networks Inc., and Schneider Electric SA.

Safety and Security Segment to Register Maximum Demand for Home Automation Applications

By application, the global home automation market is classified into lighting, HVAC, entertainment, safety and security, energy management, and others. The safety and security segment dominated the global home automation market in 2014. The growing number of home automation solutions being operated on smartphones and other smart devices has led to the growth of the global home automation market.

Browse the full Press Release of Global Home Automation Markethttp://www.mrrse.com/home-automation-industry

Based on networking technology, the global home automotive market is classified into wireless systems, wired systems, computing networks, and power-line systems. The wireless systems segment accounted for more than 50% of the total market in 2013. With a growing number of home automation applications connected with high-end wireless or Wi-Fi technology, the wireless systems segment is predicted to register greater demand in the years to come. The power-line systems segment is expected to be the second fastest growing segment in the years to come.

By type, the global home automation market is classified into DIY, mainstream, luxury, and managed home automation systems. High level of internet connectivity in smartphone-operated home automation systems has propelled the global market for home automation in the recent past.