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TMCNet:  Markets and Markets : Americas Smart Homes Market worth $22.4 Billion by 2020

[January 15, 2014]

Markets and Markets : Americas Smart Homes Market worth $22.4 Billion by 2020

(M2 PressWIRE Via Acquire Media NewsEdge) According to a new market research report "Americas Smart Homes Market by Product (Security, Access, Lighting, Entertainment, Energy Management, HVAC, Ballast & Battery Pack), Service (Installation & Repair, Renovation & Customization) and Geography - Analysis & Forecast (2013 - 2020).", the total market for the Americas smart homes market will be worth $22.4billion by 2020, at an estimated CAGR of 17.62%.

Browse 101 market data tables with 72 figures spread through 370 pages and in-depth TOC on "Americas Smart Homes Market ".

Early buyers will receive 10% customization on this reports.

http://www.marketsandmarkets.com/Market-Reports/americas-smart-homes-market-1292.html Early buyers will receive 10% customization on this reports.

The report revolves around the different types of smart homes products and technologies deployed in the smart homes. The paradigm shift by the home owners from the traditional automation devices to the highly energy efficient and comfort based products has resulted in the adoption of modern and advanced technologies by the Americas smart homes market. Of the smart homes market products, the security control and the entertainment control have been the major products, contributing around 62% to the overall market, in 2012, which accounted for revenue worth $3.8 billion.

The market dynamics of the smart homes market are provided in this report, which comprises the drivers, restraints, and opportunities for the Americas smart homes market. The market dynamics for individual smart homes products are also covered. The driving factors for smarter homes market include energy efficient smart lighting devices, developed in digital analytics, a rising population of the aged and increasing incidences and prevalence of chronic diseases; which are expected to drive the smart homes market till 2020. The major restraints for the smart homes market are the consumer awareness about the smart homes, and inability of smart homes to prevent crimes. Advanced computer software programs such as 'Internet of Things (IOT)' and 'Big Data' analytics are the key opportunities for the smart homes market. This report also throws light on the burning issues and winning imperatives for the Americas smart homes market.

Smart homes industry is gaining a significant traction, currently, as information and communication technologies are evolving to improve lifestyles. Smart homes have, now, become intelligent, with connected devices and equipment having the ability to coordinate with each other and performing in accordance to the occupant's inclination. Such intelligent activity results in financial savings as well as increases the comfort levels. In addition to the private companies participating in the energy saving programs, even the governments are proactively considering and promoting energy saving initiatives with several incentives, and organizing educational programs through relevant media. Currently, the U.S. is home to the highest number of installed automation controllers, and contributes the maximum towards the smart homes market.

In a national press release, the Federal Bureau of Investigation in September, 2013 estimated that there has been a 0.7 percent increase in the violent crime rate. Incidents such as robbery, burglary, larceny-theft, and motor vehicle theft constituted the crime index. These statistics mandate people to protect their properties by installing security cameras and other intrusion detection devices. Security control occupied the largest market share in Americas smart home market, and is projected to grow at a healthy rate in the foreseeable future.

Browse Related Reports: APAC Smart Homes Market by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) & Country - Analysis & Forecast (2013 - 2020) http://www.marketsandmarkets.com/Market-Reports/apac-smart-homes-market-1291.html European Smart Homes Market by Products (Security, Access, Lighting, Entertainment, Energy Management Systems, HVAC, and Ballast & Battery Pack), Services (Installation & Repair, Renovation & Customization) & Country - Analysis & Forecast (2013 - 2020) http://www.marketsandmarkets.com/Market-Reports/european-smart-homes-market-1290.html About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: Mr. Rohan North - Dominion Plaza 17304 Preston Road Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets CONTACT: Mr. Rohan Tel: +1-888-600-6441 Email: sales@marketsandmarkets.com .

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