Published on : Mar 16, 2017
ALBANY, NY, March 16, 2017: An over 50.0% share in the India home automation market is envisaged to be in the hands of top cities such as Bengaluru, Ahmadabad, Pune, Mumbai, and Delhi-NCR, which have remarkably served the real estate sector of the country. According to end user, residential customers are analyzed to bring in a colossal measure of business for the vendors in the India market. In terms of product, security is projected to be a clear winner.
The report foretells how the smart city project boost and the Internet of things (IoT) market will help the home automation sector in India to gain a strong foothold. In this regard, factors such as the financing of smart cities, government initiatives, partnership with technology companies, private smart city projects, and progress of the smart city project in India are extensively discussed. Besides this, the share of the India market for home automation in the IoT industry has been vitally explained by the researchers.
The publication has prognosticated four crucial factors of growth for the India home automation market. The authors have shed light on the effect of the IoT policy framework formulated by the government of India and rising urban population. The other driving factors elaborated in the publication are the solid expansion of middle-class population, robust gains in income, and elevating number of Internet users in the country.
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Although security is prophesied to be a major segment stimulating the growth of the India home automation market, it could also be a matter of concern for most end users. The overall operational complexity and poor interoperability between distinct products are deemed as the most critical challenges countering the growth in demand. However, the business to business and business to consumer strategies adopted by startup and established players are envisioned to find solutions for the challenges in the India home automation market.
Some of the top companies profiled in the India home automation market report are Larsen & Toubro, Schneider Electric, Johnson Controls, AMX LLC, and Crestron Electronics. For the profiling of startup firms, the analysts have considered Oakter, Silvan Innovation Labs, Pert, and Home Brain. All in all, the report is a comprehensive guideline to understand the future potential and current trends prevailing in the India market.
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