Home Automation Market 2019 by Demand, Trends, Applications, Types, Key-Player, Challenges, Drivers, Outlook, Growth & Forecast 2025
The global home automation market size is anticipated to reach USD 46.22 billion by 2025 owing to the growing popularity of Internet of Things (IoT) and rapid adoption of smartphones and other gadgets. Upcoming wireless technologies such as 5G, Bluetooth, ZigBee, Z-Wave and other proprietary protocols will have a significant impact on the overall growth of home automation market in coming years.
With growing awareness of new home automation technologies and rising preference to luxurious lifestyle in developing economies have fuelled the growth of global home automation market. Furthermore, growing concerns of efficient energy usage and increasing awareness of safety & security among the consumers will collectively drive the home automation market across the globe. However, high initial costs and lack of high speed internet connectivity are few challenges that could hamper the growth of home automation market.
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With smart technology being installed in your house, you can monitor anything and everything just with the help of your phone. How many times has it happened that you forgot to turn off the oven or air conditioner or lights while leaving home for office? Smart home technology helps you to check everything just through the appropriate mobile application. With smart home technology in your house you do not need to double or triple check everything before leaving home and waste your time. All this can be done automatically or manually by you through mobile application while you are in cab. You can also switch on the oven while you are in a cab and heading home. This way when you will reach home hungry and tired, your food will already be cooked that too without wasting any extra time or energy.
Innovative Home Automation is the future
While some technologies have already arrived some are in the process of making. With the help of techniques like Artificial Intelligence, Internet of Things, Machine Learning days where everything can be automatically operated are not very far away. Who does not want a comfortable life that ensures security of loved ones, savings and everything without tension!
The home automation market is vastly being disrupted by the inception of voice assistants. This trend of integrating of voice assistants with the home appliances is on a rise as, it is much simpler to give voice commands rather than carrying a smartphone every time. One of the major challenges that could be faced in the future is the interoperability of different devices and applications. Given the relevance of voice assistants, the partnership between the stakeholders will be more important. Also, home automation market will also have a significant impact in the insurance industry. Insurance companies have started partnering with home automation manufacturers by leveraging different devices as a part of an insurance product. For instance, Roost, which is a home automation vendor has partnered with numerous insurance companies such as Aviva, Liberty Mutual, Bankers Insurance Group, Desjardins and others.
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- Blogs on “Future Innovations in Home Automation”
What are smart homes?
You must have seen those cartoon shows like Doremon and Kitretsu which take you to future. Just as we have smart phones to manage our lives, relations and social presence, similarly there are smart homes which take care of our house. For example they control the temperature of the house, automatically lock the doors and to your surprise may even feed your pets!!
Benefits of a Smart Home
Consumers prefer home automation system for comfort, and luxury lifestyle. As the home automation systems are used for controlling the indoor & outdoor lights, ventilation, and heat, air conditioning in the house, to lock or unlock the doors, gates, and windows, electric appliances such as television, geyser, refrigerators and more. There are several significant benefits of home automation in various sub-categories including savings, convenience, safety, and control.
- White Paper on “Significant Role of Internet of Thing in Home Automation System“
Internet of Things is a process where electronic devices which have the capability to sense data, process it and self adopt it are used to interact with devices performing the same task in order to make an intelligent self decision. The internet of things is a new era of intelligence computing and it is providing us a privilege to communicate through technology. Defining the objective of IoT can be difficult but, we can say that IoT is to make anything possible for anyone at anytime through any network and for any service. In this whitepaper we have discussed how internet of things play an important role in home automation systems and its different types of applications, and elements.
Home automation systems are used for controlling home appliances and devices like the indoor & outdoor lights, air conditioning in the house, to lock or unlock the doors, and electric appliances. There are several significant benefits of home automation in various sub-categories including savings, convenience, safety, and control. Internet of Things is a process where electronic devices which have the capability to sense data, process it and self-adopt it are used to interact with devices performing the same task in order to make an intelligent self-decision. The internet of things is a new era of intelligence computing and it is providing a privilege to communicate around the world.
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