Smart Building Using IoT in India

According to a research report "IoT in Smart Cities Market by Solution (Remote Monitoring, Network Management, Reporting, and Analytics), Service, Application (Smart Transportation, Smart Building, Smart Utilities, and Smart Citizen Services), and Region - Global Forecast to 2025" published by MarketsandMarkets, the global IoT in smart cities market size is expected to grow from USD 113.1 billion in 2020 to USD 260.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.1% during the forecast period.

An increasing number of government initiatives and PPP models for smart cities are driving the IoT in smart cities market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=215714954Increasing focus on traffic management and parking management would drive the adoption of IoT in smart cities solutions and services across smart transportation application during the forecast periodSmart transportation is all about integrating ICT with the existing transportation infrastructure, delivering real-time online information about the traffic flow and passengers/commuters.

The IoT in smart cities market is still in the introductory stage and can be defined as interconnected devices that the transportation and IoT solutions providers use to get more visibility into transportation and the associated other components, such as traffic management and parking management.

In the coming years, the demand for IoT in smart transportation is expected to increase due to the increased investments for enhancing transportation infrastructures.Rising need to monitor diverse facilities would increase the demand for remote monitoring solutions during the forecast periodThe IoT in smart cities market covers solutions such as remote monitoring, real-time location system, network management, security, data management, and reporting and analytics.

The remote monitoring solution is a reliable facility that enables efficient monitoring and management of various systems, remotely.

Through this solution, one can change the operation of the devices from the central office or remote location.

With over 1.31 Billion people, India is currently ranked as one of the most populous nations in the world, second only to China, and they don’t seem to be slowing down any time soon.

According to a United Nation’s report, India is predicted to overtake China as the world’s most populous nation by 2022 and this will mostly be as a result of a population explosion in the urban regions with a projected estimate of 300 million residents.These alarming stats have called for government to step up as in terms of infrastructural provisions andIoT Development to say this least.

This increase in population would surely take its toll on existing infrastructure and environmental resources.Read More How IOT Will Navigate The Future Of Smart Cities In India

COVID-19 Impact Analysis on Smart Building Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2019-2027.

The report encompasses data regarding market share and recent developments by key players.

Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the Smart Building Market include Advantech Co. Ltd, Honeywell International Inc., ABB Ltd., IBM Corporation, Siemens AG, Schneider Electric SE, Johnson Controls International PLC, Hitachi Ltd, Sony Corporation, IBM Corporation, and Cisco Systems..

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Smart Building Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/smart-building-market/download-sampleMarket SegmentationThe broad Smart Building Market has been sub-grouped into the Component, Building Type and Region.

The report studies these subsets with respect to the geographical segmentation.

The gross national income (GNI) per capita (in current US$) in the United States grew from USD 48,990 in the year 2010 to USD 65,850 in the year 2019, according to the statistics by the World Bank.

Smart home appliances, which are designed ergonomically and can be controlled by hand-held devices or voice, provide its users an ease of comfort.

The demand for such products in the recent years has surged significantly owing to the high purchasing power of individuals, along with the growing need for efficient appliances that can save the user’s time.

Moreover, limiting spaces across the residential customers, and the need for compact equipment, are also anticipated to drive the market growth in the coming years.The United States (U.S.) smart home appliance market is anticipated to grow with a CAGR of 15.4% during the forecast period, i.e., 2020-2024, owing to the increasing number of households in the nation with access to the internet, along with the growing disposable income of individuals.

The total number of households in the U.S. grew from 117,538 thousands in 2010 to 128,579 thousands in 2019, according to the statistics by the United States Census Bureau.

Among these segments, the consumers segment, which held the largest market share in 2019, is anticipated to attain a market revenue of USD 3226.8 Million by 2024.Request For Full Report: https://www.researchnester.com/sample-request-3088Based on region, the United States (U.S.) smart home appliance market is segmented into four major regions including South U.S., West U.S., Midwest U.S., and Northeast U.S.

IoT water solutions ensure precise control over the data ingested from the water resources which allows an efficient and optimized management of water.

IoT smart water management has put a significant impact on the cost of the water distribution, forming a cost-efficient urban water distribution.

Especially the agriculture sector is reaping most of the IoT advantages in water management.Earlier conventional techniques of conservation were used to conserve water but the right apparatus leveraging IoT technology is the reply to get water conservation to a new level.

IoT technology will enable smart water meters, detectors, and irrigation methods to be deployed in homes, farms, and water distribution systems.

The demand for advanced solutions to enable more efficient utilization of water sources, enhance drinking water quality, and enhance water resource planning is increasing and the IoT came as a disruption in the water management.Visit: https://www.biz4intellia.com/blog/iot-smart-water-a-big-technological-splash/   

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According to Zion Market Research, the global smart home market is expected to reach $53.45 bln in 2022.

The growing popularity of IoT-based equipment indicates that more users are going to be a part of this connected ecosystem in 2020.Besides, the AI features and auto-learning capabilities of these devices will provide personalized experiences to users.

You may also like Using Beacons for Office and Home AutomationWorkplace AutomationThe use of IoT devices is rapidly increasing in business workstations to efficiently handle internal processes and improve productivity.

Several sleep tracking applications are compatible with IoT devices and smart home equipment such as smart mattresses.

These apps monitor sleep duration and provide voice alerts that enable users to cultivate good sleeping habits.Several European furniture brands have also launched smart sofas that automatically adjust in accordance with the user’s movement for increased comfort.

There are also smart wardrobes and dressing tables that automatically organize clothes and toiletries based on their frequency of use.