Home automation is an area that offers retail customer use cases such as quad play — broadband, fixed line, wireless, DTH. There are millions of homes and an opportunity waiting to be ceased.
According to a study by Zion Market Research, the global smart home market is expected to grow at a CAGR of 14.5% between 2017 and 2022. The market revenue of $24.10 billion in 2016 is expected to grow up to $53.45 billion by 2022.
Nearly 90% of the Indian market is consists of apartment and developer projects, while the balance is consists of independent homes and villas.
Geographically, the market is still metros centric, with Delhi, Mumbai, Pune and Bengaluru accounting for 80-90% of the market.
The key use cases in home automation include heating, ventilation, air conditioning, lighting, entertainment and safety including CCTV and alarms.