Dublin, Nov. 28, 2019 (GLOBE NEWSWIRE) -- The "DIY Home Automation - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

The DIY Home Automation market worldwide is projected to grow by US$64.9 Billion, driven by a compounded growth of 36.9%.

Hardware, one of the segments analyzed and sized in this study, displays the potential to grow at over 33.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$30.2 Billion by the year 2025, Hardware will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 41.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.9 Billion to the region's size and clout in the next 5 to 6 years. Over US$3 Billion worth of projected demand in the region will come from the rest of the European markets.

In Japan, Hardware will reach a market size of US$2.2 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 35.6% over the next couple of years and add approximately US$10.8 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific.

All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

• 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.

For more information about this report visit https://www.researchandmarkets.com/r/awvojo

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