DUBLIN--(BUSINESS WIRE)--The "Home Automation System Market Research Report by Management (Cloud-based and On-premises), Product, Software & Algorithm, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Home Automation System Market size was estimated at USD 44.82 billion in 2021, USD 49.29 billion in 2022, and is projected to grow at a CAGR 10.22% to reach USD 80.38 billion by 2027.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Home Automation System Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Home Automation System Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Home Automation System Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Home Automation System Market?
4. What is the competitive strategic window for opportunities in the Global Home Automation System Market?
5. What are the technology trends and regulatory frameworks in the Global Home Automation System Market?
6. What is the market share of the leading vendors in the Global Home Automation System Market?
7. What modes and strategic moves are considered suitable for entering the Global Home Automation System Market?
Market Dynamics
Drivers
- Surging awareness for residential energy efficiency all over the world
- Increasing requirement of flexibility, convenience, and home security
- Rapid urbanization coupled with high disposable income in emerging countries
Restraints
- Concern associated with complex installation process and high deployment cost in emerging markets
Opportunities
- Upcoming innovative technologies for home automation system
- Development of smart and green buildings in the most of the nations
- Integration of IoT in home automation system
Challenges
- Compatibility and maintenance issues with home automation system
Companies Mentioned
- ABB Ltd.
- Acuity Brands
- ADT Inc.
- AMX Harman
- Canary Connect, Inc.
- Control4
- Crestron Electronics
- Deako
- Develco Products
- Elan Nortek Security & Control LLC
- Google Inc.
- Ingersoll Rand
- Johnson Controls Inc.
- Legrand Group
- Leviton Manufacturing Company
- Lutron Electronics Co., Inc
- Remote Technologies Incorporated
- Resideo Technologies Inc.
- Savant Systems LLc.
- Schneider Electric
- Sentinel Electronics
- Siemens Ag
- Smart Node
- SmartThings, Inc
- Vera
- WINK LABS INC
For more information about this report visit https://www.researchandmarkets.com/r/15kla2
