Pune, India, July 4, 2017, 2017/MRFR Press Release/- Market Research Future published a cooked research “Global DIY Smart Home Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
DIY Smart Home Market - Overview
The burgeoning interest in the “smart home” is attributed to a confluence of technology related advances over the past decade - smart phone growth, cloud computing, low-cost sensors - the joint result of which have set the platform for a potentially massive expansion of the DIY Smart Home market over the next decade. As popular as DIY smart home devices are becoming, some of the features offered by DIY smart home devices are; The user can control up to four home appliances wirelessly (expandable based on free IO pins), Monitor status of home like temperature inside and outside, motion (presence) on the main entrance, LPG leak in the home and status of main door. The user can manage the main door operations (Open/close) electrically and wirelessly. As the android application is password protected, it automatically adds security to home as it can be controlled by the user only. Automate the indoor lightening, outdoor lightening and fan/AC to switch ON/OFF automatically. The consumer demand for DIY connected home products includes wireless security cameras and lighting control systems. With the rise of managed smart home services and offerings, the market for DIY smart home market faces a new and direct form of competition. DIY has long been an active segment and proving ground for emerging technologies and approaches in home automation. According to a recent study report published by the Market Research Future, The global market of DIY Smart Home has increased in recent years. The market is expected to grow at a rapid pace during the forecast period (2017 – 2023). The DIY Smart Home Market is forecasted to prospect worth of USD 54 Billion by 2023, surpassing its previous growth records in terms of value with a double digit CAGR of 35% during the anticipated period (2017 – 2023).
The main driver of the DIY smart home market is both the hardware and software design. Apart from those factors, the safety and security are other main drivers in DIY smart home market. Smart cameras generate more retail revenue than any other smart home category, and a growing number of consumers are producing recurring revenue through add-on subscriptions that allow longer tenure video storage and provide features such as the ability to share footage.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/diy-smart-home-market-2844
DIY Smart Home Market - Key Players
Profiled in MRFR Analysis, some of the prominent players operating in the DIY smart home market are – Nest Labs, Inc. (U.S.), Honeywell International Inc. (U.S.), Assa Abloy Group (Sweden), Acuity Brands, Inc. (U.S.), Johnson Controls Inc. (U.S.) , Schneider Electric SE (France), United Technologies Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Nest Labs, Inc. (U.S.), Crestron Electronics, Inc. (U.S.), among others.
DIY Smart Home Market - Segments
The DIY Smart Home Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation on the basis of Technology : Comprises Network Technology, Wireless Communication Technology, Protocols & Standards and others.
Segmentation By Product : Comprises Entertainment Control, Security & Access Control, Smart Kitchen, Lighting Control, HVAC Control, Home Healthcare, Smart Kitchen, and others.
Segmentation By Software : Comprises Behavioral, Proactive and others.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
The network technologies both wired and modern Wi-Fi networks can provide high bandwidth connections and compatibility with a range of devices, but they do have limitations when it comes to small devices and sensors that require internet or local network access.
DIY Smart Home Market - Synopsis
The global DIY smart home market is expected to grow approximately at USD 54 Billion by 2023, at approx. 35% of CAGR between 2017 and 2023.With the advancement in information technology, DIY smart home is the upcoming revolution in the smart home appliances. In DIY smart home market, advanced technology development is the key driver. DIY smart home minimizes security concerns. The addressable market for of self-installable, self-managed smart home offerings is enormous, particularly as seen in traditional home system and consumer tech categories transition to become part of the smart home network.
The DIY smart home market is developing rigorously to overcome some of existing issues the industries face such as safety of elderly people and children. Technology innovation plays a big part, but the other factor that has changed things for the connected home is the rapid rise of the smartphone in the past decade. Manufacturers are producing technology that is more affordable even for the bells and whistles door knocking system.
DIY Smart Home Market - Regional Analysis
The regional analysis of DIY smart home market in Asia pacific, North America, Europe and Rest of the World is as follows. North America region is accounted to be the largest share in DIY smart home market owing to advanced technology demand and consumer demand for safety and security home appliances. Asia-Pacific region is also estimated to account for major share in the market due to increasing concern of safety and security of elderly people and children.
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