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European Home Automation Systems Market

European Home Automation Systems Market

The home automation (HA) market has undergone major changes in the last couple of years with respect to technological innovation, competitive landscape, new business models, new distribution channels, and introduction of smart products.

The impact of such developments on the total market has helped it reach $􂀀 million in 2014 at a growth rate of 􂀀%. The market will further improve to touch $􂀀 million by 2019, at a CAGR of 􂀀%.

Home energy management and safety/security will be the fastest growing applications within home automation in upcoming years. These applications will be one of the key drivers of the mass market as they outstrip the luxury segment in terms of growth. The HA market is increasingly driven by efficiency and cost savings for customers as opposed to the historically dominant HA drivers of luxury and comfort.

Big data analytics, the internet of things (IoT), and cloud computing hold huge implications for this market as they open new business opportunities for service providers to offer subscription services for utilising data analytics and remote services. The emerging concept of Home Automation as a Service (HAaaS) is the embodiment of this trend and will be a key driver of growth and new entrants.

There has been an increasing number of alliances and consortiums formed by leading global firms in the last couple of years to create an open architecture for developing a standard software platform, which will enable interoperability and data exchange between devices, irrespective of the manufacturers and service providers.

About this report

The home automation market has undergone major changes in the last couple of years with respect to technological innovation, competitive landscape, new business models, new distribution channels, and the introduction of smart products. With high growth projected across Europe in line with increased connectivity and convergence, Frost & Sullivan expects this market to continue attracting new entrants with continuous innovation. Big data analytics, the internet of things (IoT), and cloud computing hold huge implications for this market as they open new business opportunities for service providers to offer subscription services for utilising data analytics and remote services.


Executive Summary
Market Overview
Home Automation Systems Market
Drivers and Restraints
Forecasts and Trends
Market Share and Competitive Analysis
CEO‘s 360 Degree Perspective
Luxury Segment Breakdown
Mass-market Segment Breakdown
The United Kingdom Breakdown
Germany Breakdown
France Breakdown
Italy Breakdown
Spain Breakdown
Poland Breakdown
Scandinavia Breakdown
Benelux Breakdown
Rest of Europe Breakdown
The Last Word
Appendix

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