Home Automation Systems 2019 Global Market – Share, Segmentation, Applications, Technology and Forecast to 2025
Jun 21, 2019 9:05 PM ET
Home Automation Systems Market 2019
Scope of the Report:
The worldwide market for Home Automation Systems is expected to grow at a CAGR of roughly over the next five years, will reach million US$ in 2024, from million US$ in 2019.
This report focuses on the Home Automation Systems in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Market Segment by Manufacturers, this report covers
Honeywell International
Legrand
Ingersoll-Rand
Johnson Controls
Schneider Electric
Siemens
ABB
Acuity Brands
United Technologies Corporation
Samsung Electronics
Nest Labs
Crestron Electronics
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Type I
Type II
Market Segment by Applications, can be divided into
Application I
Application II
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Information and communications technology (ICT) is a term for information technology (IT) along with the role of integrated communications and telecommunications such as telephone lines and wireless signals and computers, as well as essential enterprise software, middleware, storage, and audiovisual systems. These enable users to access, store, transmit and manipulate information. ICT is a broad concept which is evolving as it covers a range of products that transmits or receive information electronically in digital forms such as personal computers, digital television, email, or robots.
The ICT industry helps in influencing competitiveness and creativity among the markets. The ICT technologies tend to bring advantages as smart devices and cloud devices, improving e-government models, e-commerce, e-learning, online medical services, and other web-based smart services. The merging between information technology (IT) and communications technology (CT) is the primary driver behind the rapid development of ICT industry.
ICT industry involves more than just access to information or the technology of the computer. It shapes an individual’s, a firm’s, or nation’s access to information, people, services, and technology. ICT markets not only change the way people get information but also alter the entire corpus of what information is available to an individual and makes information rich. On the other hand, ICT industry also shapes access to services as it changes the way an individual consumes information, products, and services.
The 21st century has been defined by advancement in information and communication technology. As the world is being pushed into the digital era, IT and communication technologies continue to push the boundaries of what people thought of before. Devices are getting lighter and yet becoming more affluent in features, whereas large and smaller companies are discovering smarter ways to streamline operations by enhancing their IT infrastructure.
The key demands impacting the ICT industry are accounted to be the emergence of new digital technologies, which includes cybersecurity and cloud computing. This is creating a substantial need for rapid developments in information and communication technologies. With this, another factor is increasing economy is prompting better ICT integration strategies. This would need more projects under the ICT industry. Furthermore, another factor is the rise in automation of manual processes is considerably creating industry need for a specialist in computing, systems, and diagnosis, alongside skilled workers to maintain automation technology.
In the ICT industry, cloud computing is being hailed by industry analysts as the next big trend in information technology and communication. Cloud computing is becoming a rapidly mounting IT solutions provider, as several companies tend to run applications directly from the vendor’s network, thus noticeably reducing IT costs. Cloud computing also provides offsite backup infrastructure, safeguarding against system failures, theft, floods, and fire.
Furthermore, the incidence of smartphones in the ICT industry is also offering full advantage of its features. As the years are progressing, smartphones have incredible demands not only for entertainment but also for performing many functions similar to a personal computer. These latest trends are influencing the information and communication technology (ICT) industry in substantial ways across the globe.
The ever-changing market of information and communication technology (ICT) has observed prodigious advancement and innovation in the last decade. Therefore, from these emerging trends, it can be concluded that the influence of ICT industry on businesses at the global level is ever growing, and it will help companies to serve customers in better ways.
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