Smart Automation driving us towards smart future
Smart X- smart everything including smart cities, smart homes, smart cars, smart workplace
In today’s world, automation is key for luxurious and comfortable lifestyle. Automation has made its entry not only in industrial sectors but also in our homes, buildings and automotive. Concepts of smart homes, smart cars, smart offices, and smart cities are gaining traction on large scale and companies are rigorously working on its early deployment. The demand for centralized monitoring and control of systems such as Heating, Ventilation, and Air conditioning (HVAC), lighting, security & safety, climate, blind and awning, emergency alarms, etc. have driven the growth of home and building automation. Moreover, the affordability, eco-friendly, safe and simple operation are some of the other enabler factors for progression in adoption of home and building automation. On the other side, the need to increase productivity, cost cutting, reducing time to market, standardization, enhancing product quality, production control and monitoring, reducing waste, minimizing inventory, and contribution to green environment have triggered the demand for industrial or factory automation.
Internet of Things (IoT) plays a crucial role in home automation, building automation and industrial automation as analytics is major part of this technology involving solutions such as fault monitoring & detection, building optimization, and data visualization. The major communication technologies expected to dominate this market are Bluetooth, Wi-Fi, RFID, GSM, Zig-Bee, Z-wave, Universal Powerline Bus (UPB), and INSTEON. Though the home automation and building automation markets are nascent at this stage, the potential it holds is innumerable. It is expected that until next decade the smart cities and smart homes market will grow by both height (in terms of revenue generation) and width (in terms of regional coverage).
However, the challenges such as cyber threat, system integration, and high investment requirement are some of the major challenges confining the growth of this industry. M14 Intelligence has an exhaustive and extensive research study on home automation, building automation and industrial automation that helps the companies and other stakeholders in this industry such as service providers, technology providers, component suppliers, electronics & semiconductor suppliers, software and telecomm providers and others with solutions to come over the business strategy issues. Our research study also offers the best market strategies to help companies stand out in this highly competitive business.