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Smart Home Market – Internet of Things Technology and Implementation of Home Automation

The ‘Smart Home Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’ report provides analysis of the global smart home market for the period 2016–2026, wherein 2018–2026 is the forecast period and 2017 is considered the base year. Data for 2016 has been included as historical data. The report covers all trends expected to play a major role in growth of the global smart home market during the forecast period. It highlights drivers, restraints, and opportunities expected to influence the market during the forecast period. The study provides a holistic perspective on growth of the smart home market in terms of revenue (in US$ Bn) across different regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights key trends in the market on a global scale. Furthermore, region-wise prominent countries/sub-regions covered in the report include the U.S., Canada, Germany, France, the U.K., India, China, Japan, GCC, South Africa, and Brazil.<br><br>The report analyzes and forecasts the market for smart home at the global and regional levels. The report comprises detailed value chain analysis that offers a comprehensive view of the global smart home market. Porter’s Five Forces model has also been included to help understand the competition landscape of the market. The study encompasses attractiveness analysis of the smart home market, wherein application segments have been benchmarked based on their market value, growth rate, and general attractiveness.

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Smart Home Market – Internet of Things Technology and Implementation of Home Automation

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  1. Smart Home – Internet of Things Technology and Implementation of Home Automation

  2. Smart homes are the residences that are equipped with information and computing technology devices that anticipates and responds to the requirement of the owner in an effective and efficient manner. Smart homes involves automation and control of Heating, Ventilation, Air Conditioning and Security system (HVAC), lighting and home appliances like refrigerators, ovens and dryers. The smart home devices use Wi-Fi for monitoring remotely and are a part of Internet of Things (IoTs). Further, smart homes use fingerprint identification or key cards in place of conventional locks, making the homes more secure. Smart homes market is fragmented market with various medium and small companies present in the market. Moreover, there are very few worldwide accepted industry standards in this market. Widespread communications protocol for products embraces Ethernet, X10, 6LoWPAN, RS-485, ZigBee Bluetooth LE (BLE) and Z-Wave, or other proprietary protocols that are incompatible with each other.

  3. Increasing mobility is one of the emerging trends in the global smart home market during the forecast period. In the modern era, mobility is one of the important factors that allow people to be connected with their devices at home. Since all the devices are connected to a smart phone or tablet, no matter which corner of the house a person may be, can control everything via their smartphones thus, enhancing the mobility. Increasing consumer acceptance is an important factor bolstering the demand of smart homes in the global market. Customers have identified the security, value and energy-efficient solutions offered by smart homes. The ease of monitoring, managing and controlling devices and home appliances at any time, from any place are boosting the customers’ acceptance of smart homes.

  4. The advent of the Internet of Things (IoT), technologies such as wearable’s, near field communications, Wi-Fi, smartphones, Bluetooth and ZigBee protocols, have additionally amplified the demand for smart home solutions. Advancement in Internet of Things is also one of the major factors driving the smart home market worldwide. Increasing drops in the price of processors and sensors and higher networking capabilities alongside extensive Wi-Fi access have allowed extensive growth of Internet of Things. All the devices used in smart homes are now operates through internet of things. Since the IoTs excels a simple tech market and is likely to be applied in every field, thereby, allowing huge improvement of productivity and quality. Get More Information About Smart Home Market by TMR

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