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Home Automation Market Size, Share, Development, Growth and Demand Forecast to 2020

03-17-2017 02:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Market Research

Home Automation Market Size, Share, Development, Growth

The home automation market is growing at a significant rate, due to increasing demand for energy efficient and green product solutions; introduction of managed home automation services; price competitiveness because of large number of players; and innovation in communication, sensor, analytic, and touch screen technologies. The strong initiatives from government to promote green building and green cities are driving the growth of the home automation market. Power-line communication technology is creating its importance in power systems and home automation, which is providing ample growth opportunities for the home automation market at a considerable rate in the coming years.

To Browse Full Report Visit Here: www.psmarketresearch.com/market-analysis/home-automation-market

With the help of home automation, the various electrical and electronic systems can be structured through the support of automation and computerized controls. Desktop PC is used as a server in the home automation control. Bluetooth or wireless fidelity (Wi-Fi) enabled devices, such as mobile phones and laptops are used to control the application based systems in the home automation system. The home automation systems are convenient to install and use and they also meet the interoperability requirements for various applications. However, challenges such as lack of skilled labor and unethical technological breaches are restraining the growth of the home automation market.

Some of the standards and protocols followed in the home automation market are digital addressable lighting interface, building automation and control network, digital multiplexer (DMX), power line communication (PLC), Ethernet, National Electrical Manufacturers Association, Blackbox, Modbus, KNX Association, and LonWorks. Some of the wireless communication technologies used in the home automation market are Bluetooth, wireless fidelity (Wi-Fi), ZigBee, Enocean, and Z-Wave. Network technologies used in the market are code division multiple access (CDMA) networks, global system for mobile/high speed packet access (GSM/HSPA) networks, and long term evolution (LTE) networks.

Browse For Related Research Visit Here: www.psmarketresearch.com/industry-report/ict-and-media

On the basis of type, the home automation market can be categorized as mainstream home automation systems, managed home automation services, luxury home automation systems, and do–it-yourself (DIY) home automation systems. The home automation market can also be categorized on the basis of networking technology as computing network home automation systems, wired home automation systems, wireless home automation systems, and power-line home automation systems.

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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