IoT Home Automation Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Installation, Technology, Application and Region

IoT Home Automation Market accounted for US$ 64.85 Bn in 2020 and is expected to grow at a CAGR of 12.10 % over the forecast period 2020-2027, to account for US$ 144.26 Bn in 2027.

IoT Home Automation Market Overview:

A server and sensors are included in an IoT-based Home Automation system. IoT-based home automation consists of a number of smart devices that can be used for a many purposes such as lighting, security, and home entertainment. All of these devices are joined in a mesh network via a common network established by the gateway. The MMR report studies the effectiveness of IoT Home Automation on a global, regional, and company level. This research analyses historical data and future prospects to depict the IoT Home Automation market size from a global viewpoint. IoT Home Automation Market To know about the Research Methodology:-Request Free Sample Report

Global IoT Home Automation Market Dynamics:

The research comprehensively studies and explains the dynamics of the Global IoT Home Automation Market, allowing readers to better understand emerging market trends, drivers, restraints, opportunities, and challenges on a global and regional level for the Global IoT Home Automation Market. The following are some of the drivers and restraints; their complete explanations are given in the study along with other supporting evidence: In the forecast period, the increasing use of internet of things (IoT) devices in a home automation system is expected to move the IoT home automation market forward. To control all of the smart home's devices, the Internet of Things-based home automation system uses internet protocols or cloud computing. Flexibility, ease-of-installation, avoidance of the complexity of flowing through cables or faulty electrical wiring, easy problem detection and triggering, and, most importantly, mobility are all advantages of IoT-based home automation systems over wired systems. Such as, Consumer devices accounted for 63 % of all installed IoT equipment in 2020, according to Ericsson statistics on IoT in modern houses, and the number of mobile IoT connections is expected to reach $ 3.5 billion by 2023. As a result, the growing use of IoT devices in home automation systems is propelling the market forward. After the COVID-19 pandemic, people have started staying at home. Therefore, the dependency on the digital gadgets and internet has increased in the past year. Because people aren't going out as much, major day-to-day spending have dropped. People's discretionary income has increased as a result of this. People are also using smart gadgets and products more than before the outbreak since they are staying at home. Home security systems such as smart locks and cameras are permitting contactless delivery in the aftermath of COVID-19. Remote chronic health monitoring, for example, is growing rapidly as a home healthcare solution for the elderly to live a safe and independent lifestyle. To increase productivity, work-from-home solutions such as smart speakers/hubs are being used to keep track of meetings and tasks. As more entertainment requirements focusing on health, spirituality, and needed inputs emerge, smart TVs, home theatres, and entertainment systems are becoming more popular. This opens up a lot of opportunities for smart home appliance makers and suppliers to come up with more innovative and user-friendly features to attract users.

Global IoT Home Automation Market Market Segmentation;

The MMR report covers all segments in the flag computing market such as Installation, Applications and Technology. Security and safety application segment, which accounted for about 45% of the IoT Home Automation market's revenue, is predicted to continue to be the leading revenue segment between 2021 and 2027: Safety & security segment is expected to witness significant growth during the forecast period. Security and safety systems are expected to be driven by the growing number of smart cameras, doorbells, smoke/gas detectors, theft alarms, and other devices. Similarly, demand for HVAC is increasing since it provides smart climate monitoring as well as energy-saving solutions. During the forecast period, smart lighting is expected to grow at a steady rate, as numerous lighting companies are now joining the automation market with creative lighting applications. In addition, as people's working lives become increasingly hectic, the need for smart appliances is expanding. Wireless technology segment is projected to grow at the highest CAGR of 13.03% during forecast period. During the forecast period, wireless network technology is expected to obtain the largest revenue share. Its open technology allows for customisation and allows it to control several devices at the same time. Wireless network connections are becoming more popular as a means of managing smart property systems. Google Home Hub, Samsung Smart Things, and Apple Homekit are just a few of the items that work through wireless networks. IoT Home Automation Market

Global IoT Home Automation Market Market Reginal Overview:

North America accounted for the largest market share in 2020, with a market value of US$ XX Bn; the regional market is expected to register a CAGR of XX% during the 2021-2027. Nearly 30 million US households are expected to incorporate smart home equipment in the near future, indicating that smart homes are on the increase. Linked cameras (highest demand), video doorbells (second highest demand), connected light bulbs, smart locks, and smart speakers are among the products that people are eager to add to their homes. According to the US Department of Energy, buildings consumed roughly 76 % of all electricity consumed, resulting in significant greenhouse gas (GHG) emissions. It is therefore necessary to reduce energy consumption in buildings to meet national energy and environmental challenges while also lowering costs for building owners and tenants.

Key Development:

Key players operating in the IoT Home Automation market are continuously focusing on developing new products to empower enterprises digitally and to generate higher revenues for the company. Hence, the launch of innovative solutions is gaining immense popularity in the IoT Home Automation market. • In Oct 2020, The Honeywell Home ProSeries Security and Smart Home Platform has been launched by Resideo (US). The ProSeries Platform, which includes everything from a basic security system to a fully integrated smart home solution, gives residential and small business security dealers a complete end-to-end solution and expands Resideo's overall portfolio of linked security systems and services. • In 2020, Honeywell launched a combined set of solutions to aid building owners increase the health of their building environments, along with energy efficiency. These technologies also assist building owners in operating in a more clean and safe manner while also adhering to social distancing policies. The objective of the report is to present a comprehensive analysis of the Global IoT Home Automation Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the IoT Home Automation Market dynamic, structure by analyzing the market segments and projecting the IoT Home Automation Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the IoT Home Automation Market make the report investor’s guide.

Global IoT Home Automation Market Scope: Inquire before buying

Global IoT Home Automation Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 64.85 Bn.
Forecast Period 2021 to 2027 CAGR: 12.10% Market Size in 2027: US $ 144.26 Bn.
Segments Covered: by Installation • Luxury home • Mainstream home • Managed home • DIY Home
by Application • Lighting • Safety & security • HVAC • Entertainment • Others
by Technology • Wired • Wireless

Global IoT Home Automation Market by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Global IoT Home Automation Market Key Players

• AMX • ADT Pulse • Control4 Corporation • Crestron • Vera • HomeSeer • SmartThings • Frontpoint • Savant • Siemens AG • Johnson Controls • Honeywell • United Technologies Corporation • Schneider Electric • Acuity Brands • Monitronics International • Vivint Inc. • Assa Abloy. • Sylvania • Ring • Wink • TP-Link • SimpliSafe Frequently Asked Questions: 1] What segments are covered in the IoT Home Automation Market report? Ans. The segments covered in the IoT Home Automation Market report are based on Installation, Technology, and Application. 2] Which region is expected to hold the highest share in the IoT Home Automation Market? Ans. North America region is expected to hold the highest share in the IoT Home Automation Market. 3] What is the market size of the IoT Home Automation Market by 2027? Ans. The market size of the IoT Home Automation Market by 2027 is US$ 144.26 Bn. 4] What is the forecast period for the IoT Home Automation Market? Ans. The forecast period for the IoT Home Automation Market is 2021-2027. 5] What was the market size of the IoT Home Automation Market in 2020? Ans. The market size of the IoT Home Automation Market in 2020 was US$ 64.85 Mn.
1. Global IoT Home Automation Market: Research Methodology 2. Global IoT Home Automation Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global IoT Home Automation Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global IoT Home Automation Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global IoT Home Automation Market Segmentation 4.1. Global IoT Home Automation Market, By Installation (2020-2027) • Luxury home • Mainstream home • Managed home • DIY Home 4.2. Global IoT Home Automation Market, By Application (2020-2027) • Lighting • Safety & security • HVAC • Entertainment • Others 4.3. Global IoT Home Automation Market, By Technology (2020-2027) • Wired • Wireless 5. North America IoT Home Automation Market (2020-2027) 5.1. North America IoT Home Automation Market, By Installation (2020-2027) • Luxury home • Mainstream home • Managed home • DIY Home 5.2. North America IoT Home Automation Market, By Application (2020-2027) • Lighting • Safety & security • HVAC • Entertainment • Others 5.3. North America IoT Home Automation Market, By Technology (2020-2027) • Wired • Wireless 5.4. North America IoT Home Automation Market, by Country (2020-2027) • United States • Canada • Mexico 6. European IoT Home Automation Market (2020-2027) 6.1. European IoT Home Automation Market, By Installation (2020-2027) 6.2. European IoT Home Automation Market, By Application (2020-2027) 6.3. European IoT Home Automation Market, By Technology (2020-2027) 6.4. European IoT Home Automation Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific IoT Home Automation Market (2020-2027) 7.1. Asia Pacific IoT Home Automation Market, By Installation (2020-2027) 7.2. Asia Pacific IoT Home Automation Market, By Application (2020-2027) 7.3. Asia Pacific IoT Home Automation Market, By Technology (2020-2027) 7.4. Asia Pacific IoT Home Automation Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa IoT Home Automation Market (2020-2027) 8.1. Middle East and Africa IoT Home Automation Market, By Installation (2020-2027) 8.2. Middle East and Africa IoT Home Automation Market, By Application (2020-2027) 8.3. Middle East and Africa IoT Home Automation Market, By Technology (2020-2027) 8.4. Middle East and Africa IoT Home Automation Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America IoT Home Automation Market (2020-2027) 9.1. South America IoT Home Automation Market, By Installation (2020-2027) 9.2. South America IoT Home Automation Market, By Application (2020-2027) 9.3. South America IoT Home Automation Market, By Technology (2020-2027) 9.4. South America IoT Home Automation Market, by Country (2020-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. AMX. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. ADT Pulse 10.3. Control4 Corporation 10.4. Crestron 10.5. Vera 10.6. HomeSeer 10.7. SmartThings 10.8. Frontpoint 10.9. Savant 10.10. Siemens AG 10.11. Johnson Controls 10.12. Honeywell 10.13. United Technologies Corporation 10.14. Schneider Electric 10.15. Acuity Brands 10.16. Monitronics International 10.17. Vivint Inc. 10.18. Assa Abloy. 10.19. Sylvania 10.20. Ring 10.21. Wink 10.22. TP-Link 10.23. SimpliSafe

About This Report

Report ID 10328
Category Information Technology & Telecommunication
Published Date
Updated Date Feb 2022
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