DUBLIN, May 11, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Home Automation System Market - Global Forecast to 2022" report to their offering.
The global home automation system market is expected to grow from USD 32.11 Billion in 2015 to USD 78.27 Billion by 2022, at a CAGR of 12.46% between 2016 and 2022. The growth of the market is attributed to factors such as significant growth in IoT applications, reducing costs of home automation systems (owing to technological and other advancements), continuous strengthening of product portfolios for home automation devices by leading manufacturers, and increasing importance of remote monitoring of residential properties.
The growth of the audio, volume, & multimedia room control market is driven by the convenience offered by these controls for managing as well controlling the entertainment systems within a house. The advancements in wireless communication technologies are a major factor boosting the growth of the home theater system controls market, thereby driving the overall home automation system market for entertainment control.
North America held the largest share of the home automation system market in 2015, followed by Europe and Asia-Pacific. The U.S. is expected to dominate the market in North America. The market for proactive solution under the software and service segment is expected to grow at the highest rate for home automation systems during the forecast period.
The latest home automation systems are equipped with analytical software and solutions. The proactive type of solutions and services not only transfers the energy consumption data to the end users but also gives a better sense of response to the users as to what action should be taken on the information received. This proves to be a driving factor for the growth of the home automation system market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Protocols and Technologies Used in Home Automation Systems
8 Home Automation System Market, By Product
9 Home Automation System Market, By Software & Service
10 Home Automation System Market, By Geography
11 Competitive Landscape
12 Company Profiles
- ABB Ltd.
- Acuity Brands, Inc.
- Crestron Electronics, Inc.
- Honeywell International, Inc.
- Ingersoll-Rand PLC
- Johnson Controls Inc.
- Nest Labs Inc.
- Samsung Electronics Co., Ltd.
- Schneider Electric SE
- Siemens AG
- United Technologies Corporation
For more information visit http://www.researchandmarkets.com/research/vh6twf/home_automation
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/home-automation-system-market-worth-7827-billion-by-2022---growth-of-audio-volume--multimedia-room-control---research-and-markets-300267031.html
SOURCE Research and Markets