Dublin, Sept. 03, 2024 (GLOBE NEWSWIRE) -- The "DIY Home Automation - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for DIY Home Automation was estimated at US$108.7 Billion in 2023 and is projected to reach US$925.5 Billion by 2030, growing at a CAGR of 35.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the DIY home automation market is driven by several factors, including the increasing availability of affordable and easy-to-use smart home devices, the rising consumer interest in smart living solutions, and the growing desire for personalized home environments. As technology continues to evolve, more devices are becoming compatible with each other, which simplifies the integration process and encourages adoption among tech-savvy and non-tech-savvy users alike.
Additionally, the expanding ecosystem of smart home products, ranging from security systems to energy management tools, is broadening the appeal of DIY home automation. The ongoing development of user-friendly platforms and apps that streamline device setup and control also plays a crucial role in market growth. Furthermore, the increasing awareness of energy conservation and the benefits of a connected home are motivating consumers to invest in DIY home automation solutions.
These factors, combined with the trend towards greater home customization and the growing availability of online tutorials and support communities, are expected to drive significant expansion in the DIY home automation market in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Managed Services Offering segment, which is expected to reach US$629.4 Billion by 2030 with a CAGR of a 38.3%. The Hardware Offering segment is also set to grow at 31.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $32.2 Billion in 2023, and China, forecasted to grow at an impressive 34.1% CAGR to reach $132.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global DIY Home Automation Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global DIY Home Automation Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global DIY Home Automation Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Belkin International, Inc., Ingersoll-Rand PLC, iSmart Alarm, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 43 Featured):
- Belkin International, Inc.
- Ingersoll-Rand PLC
- iSmart Alarm, Inc.
- Lowe's Iris
- Nest Labs, Inc.
- Nortek, Inc.
- SmartLabs, Inc.
- SmartThings
- Vera Control Ltd.
- Wink Labs Inc.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $108.7 Billion |
| Forecasted Market Value (USD) by 2030 | $925.5 Billion |
| Compound Annual Growth Rate | 35.8% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- DIY Home Automation - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Consumer Interest in Smart Homes Drives Growth in DIY Home Automation Market
- Advances in Wireless Communication Technologies Propel Adoption of DIY Home Automation Solutions
- Increasing Focus on Home Security and Surveillance Strengthens Business Case for DIY Home Automation
- Technological Innovations in Plug-and-Play Devices Set the Stage for Market Growth
- Growing Use of DIY Home Automation in Energy Management Drives Market Demand
- Growing Applications of DIY Home Automation in Elderly Care and Assisted Living Drives Market Growth
- Advances in Artificial Intelligence and Machine Learning Enhance the Capabilities of DIY Home Automation Systems
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/l4ast7
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