Diy Home Automation Market Is Anticipated To Grow At A Cagr Of 40% During 2019 To 2024

By Author: Lucintel LLC
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The global DIY home automation market is projected to grow at a CAGR of 40% during 2019 to 2024. The growth of DIY home automation market is driven by increasing awareness on safety and security, increasing consumer need for simplicity and personalized experience, growing adoption of cloud-based technologies, and low cost for DIY system.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global DIY home automation market by product and service type (hardware and managed services), technology (network technologies and wireless technologies), application (commercial and household), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the DIY home automation market?
Q.4 What are some changing demands of customers in the DIY home automation market?
Q.5 What are the new developments in the DIY home automation market? Which companies are leading these developments?
Q.6 ...
... What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this DIY home automation area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this DIY home automation market?

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Market Segmentation:
Based on product and service type, the DIY home automation market is segmented into hardware and managed services. The security and access control segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to increasing need of the consumer for convenience, and safety and security.
North America will remain the largest region and Europe is expected to witness the highest growth over the forecast period.
Key Players in the DIY home automation market are Ismartalarm, Smartthings, Ingersoll-Rand, Icontrol Networks, Smartlabs, Nest Labs, Vera Control, Belkin International, Lowe’s Iris and Nortek.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/diy-home-automation-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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