TechNavio recognizes the following companies as the key players in the Global Home Automation System Market: Honeywell International Inc., Schneider Electric SA, and Siemens AG.
Commenting on the report, an analyst from TechNavio’s team said: “The development of a centralized remote control system is the major trend that is expected to drive the Global Home Automation market during forecast period. The main benefit of a home automation system is the convenience and comfort it provides to the user. Vendors have developed a centralized remote control to monitor and control the complete home automation system. Vendors are developing a wireless hub that transmits and receives signals from the remote control to other systems or devices. The transmission between the controller and other devices happens seamlessly thus forming a network of devices enabling the controller to control all the devices.”
According to the report, the Global Home Automation System market has many growth drivers, one of which is the need for enhanced safety and security at homes. Adequate deployment of effective safety systems provides a sense of greater protection for residential users.
Further, the report states that a major challenge in the market is the lack of effective product differentiation. The vendors of home automation systems are facing increased competition from other international vendors, and counterfeit building automation vendors, due to lack of product differentiation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-home-automation-system-market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global Home Automation System Market 2014-2018
