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Allied Market Research Forecast Global Smart Home Market to reach $35.3 billion by 2020

Allied Market Research published comprehensive report titled "Global Smart Homes, Buildings (Energy Efficient, Automated) Market (Applications, Technologies, Products and End-User), Size, Share, Trends, Analysis, Research, Future Demand, Scope and Forecast, 2013 - 2020". As per the study made by AMR, global smart home market is forecast to grow at a CAGR of 29.5% between 2012 and 2020. The market revenue was valued at $4.8 billion in 2012, is expected to grow up to $35.3 billion by 2020. The major factors for the growth of the market are government regulations, rising energy costs and raising awareness with respect to environmental concerns.

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Energy efficiency needs immediate attentionas the global energy cost is increasing owing to the ever growing demand and environmental concerns of greenhouse gas (GHG) emission. The construction business is accepting the energy efficiency trend and using mechanical systems to cater to the growing demand for energy efficiency in smart homes and buildings. The global smart, automated and energy efficient homes and buildings market report published by Allied Market Research discusses the in-depth analysis of this market which includes the drivers, restraints and opportunities for its growth.

Browse All Energy Market Reports at http://www.alliedmarketresearch.com/energy-and-power-market-report

The revenue of safety and security application is forecast to reach $6,132.4 million by 2020 growing at a CAGR of 34.6% from 2013 to 2020. "This market is expected to evidence significant growth due to growing security concerns and enhanced safety features that smart automation systems can currently offer. With an increase in the working population, safety concernswith respect to aged parents and children is the biggest challenge. Smart home address these issues with highly-sophisticated remote monitoring technologies." states Shreyas Naidu.

However, aspects such as high upfront cost and lack of standards and interoperability would hinder the market growth. North American market is forecast to reach a value of $12.4 billion by 2020 growing at a CAGR of 25.9% from 2013 to 2020. However the Asia-Pacific is a high-opportunity market that is expected to grow at a CAGR of 37.7% from 2013 to 2020.

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The report has profiled some of the key players of the market such as Cisco Systems, Control4 Corporation, Emerson Electric Co. Leviton, Honeywell International, LG Electronics, Schneider Electric, Siemens Buildings Technologies, Smarthome Inc., and United Technologies Corporation (UTC).The report also discusses the key strategies used by these companies to have a sustainable growth in the market.

About Us:

Allied Market Research (AMR) is a global  market research and business consulting wing of Allied Analytics LLP based inPortland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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