Latest News
Lucintel Forecasts Home Automation Market to Reach $101.1 Billion by 2027
According to the recent study from Lucintel the home automation market is projected to reach an estimated $101.1 billion by 2027 from $56.4 billion in 2021, at a CAGR of 10% from 2020 to 2027. Growth in this market is primarily driven by increasing consumer need for simplicity of functioning and personalized experience, increasing awareness related to safety and security, and the growing adoption of cloud-based technologies.
Browse 73 figures / charts and 85 tables in this 157 – page report to understand trends, opportunities and forecast in home automation market by application (safety and security, entertainment control, lighting, HVAC control, and others), installation type (managed service, luxury, mainstream, and DIY), technology (wired and wireless), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/home-automation-market.aspx
“Safety and security market is expected to remain the largest segment during the forecast period.”
Based on application, the home automation market is segmented into safety and security, entertainment control, lighting, HVAC control, and others. Lucintel forecasts that the safety and security market is expected to remain the largest segment due to the increasing need for continuous monitoring services to reduce the risk of crime, burglary, and theft.
“Within the home automation market, managed service segment is expected to remain the largest installation type”
Based on installation type, the managed service segment is expected to witness the largest installation type segment due to the increasing demand for 24/7 monitoring service.
“North America will dominate the home automation market in near future”
North America is expected to be the largest region with the largest market due to the increasing usage of technologies and digitalization in the US and Canada. Asia Pacific is expected to witness the highest growth over the forecast period because of increasing awareness on safety, security, and energy efficiency.
Major players of home automation market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ADT Corporation, Control4 Corporation, United Technologies Corporation, Honeywell, Johnson Control, Siemens AG, Acuity Brands, AMX Inc., Monitronics International, and Vivint Inc are among the major home automation providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. We also have reports related to home automation in the area of smart home market (https://www.lucintel.com/smart-home-market.aspx), smart lighting market (https://www.lucintel.com/smart-lighting-market.aspx), and fire detector market (https://www.lucintel.com/fire-detector-market.aspx). For a detailed table of contents on any one of the above reports please contact us at +1-972-636-5056 or email us at [email protected].
Latest News
Aurionpro Solutions acquires Arya.ai, to power next generation Enterprise AI platforms for Financial Institutions
SINGAPORE, April 20, 2024 /PRNewswire/ — Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) announces the acquisition of Banking and Insurance focused PaaS startup, Arya.ai. With Arya.ai, Aurionpro will enhance its portfolio of enterprise fintech offerings to expedite adoption of AI that is responsible, accurate, and auditable.
Aurionpro Solutions Ltd. will acquire a majority stake (67%) in Arya.ai. This acquisition will bring products and expertise in Artificial Intelligence, Deep Learning, Intelligent Automation, PaaS, Autonomous AI Platforms, and more, to complement and strengthen Aurionpro’s industry leading portfolio.
The transaction comprises acquisition of shares held by the existing shareholders and subscription of new equity capital in the company. This will be an all-cash deal. The aggregate investment including secondary acquisition and fund infusion is approximately 16.5 MN USD.
By integrating Arya.ai’s cutting-edge AI cloud platform, with Aurionpro’s comprehensive suite of offerings, the company will create an industry leading Enterprise AI platform focused on creating value for financial institutions globally.
Commenting on the acquisition, Ashish Rai, CEO of Aurionpro Solutions, stated, “The acquisition of Arya.ai marries Aurionpro’s portfolio of industry leading enterprise software with one of the most mature Enterprise AI platforms focused on Banks and Insurers. We are incredibly excited about working with Arya.ai and our wider ecosystem partners to build out the leading Enterprise AI platform, for the financial industry worldwide.”
“Our decade long experience in building tools/platform for deep learning helped us to build a truly verticalized AI Operating System for Banking and Insurance.” Says Vinay Kumar CEO/Founder of Arya.ai. “Together with Aurionpro, we are going to build a new generation of Enterprise AI software for Banks and Insurers that truly embeds AI, augmenting a task or Autonomous Agents that can take over entire transactions”.
Founded in 2013 by Vinay Kumar and Deekshith Marla, Arya.ai has been one of the first ‘AI’ startups to use Deep Learning and deploy in enterprises. Arya.ai’s BFSI PaaS offerings include Arya API with 80+ ML models, Libra for fine-tuning SOTA ML models, and AryaXAI for AI governance.
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Latest News
Credit card fintech Pliant lands €18m Series A extension led by PayPal Ventures
Pliant, a Berlin-based B2B credit card fintech, has secured over €18 million in a Series A extension, pushing the total funding for this round beyond €50 million.
PayPal Ventures led the latest investment round, with participation from existing investors Alstin Capital, SBI Investment, and Motive Ventures.
Earlier this year, Pliant raised €28 million through its initial Series A funding round. With this new injection of capital, the company is set to expand its cards-as-a-service (CaaS) product into markets outside the European Union, with a focus on the UK.
To facilitate its expansion plans, Pliant has developed multi-currency capabilities, allowing it to offer services in 11 different currencies. This enhancement enables customers to receive invoices in the same currency used for the transaction, a feature particularly beneficial for businesses dealing with significant volumes in non-EUR currencies.
Pliant attributes this funding success to its strong performance in 2023, where it doubled its annual revenues.
Additionally, the fintech has broadened its reach by extending its Electronic Money Institution (EMI) license to cover 25 countries across the European Economic Area (EEA). This expansion allows Pliant to offer financial services beyond card issuance in the region.
Source: fintechfutures.com
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Latest News
Latvian Fintech inGain Raises €650,000 for No-Code SaaS Loan Management System
The post Latvian Fintech inGain Raises €650,000 for No-Code SaaS Loan Management System appeared first on HIPTHER Alerts.
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