Press release
Evolving Industry Trends : IT Spending Market for Smart Homes Globally Grow at a CAGR of 18.13% by Revenue During the Forecast Period 2017-2020
Smart home solutions require efficient networking infrastructure and hence, investments in upgrading and standardization of ICT infrastructure are rising at a high rate. Leading telecom service providers have tapped into the market to revamp the ICT infrastructure to boost connectivity. IT spending is increasing in wireless technologies to provide seamless connectivity for IoT--enabled smart home appliances. IoT--enabled devices and systems need to communicate with each other in real-time to successfully implement smart home solutions. A standard mobile platform is required to run IoT--enabled applications. We note that the IoT framework has disrupted the market for home appliance systems to a significant extent.
Technavios analysts forecast the global IT spending in smart home market to grow at a CAGR of 18.13% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global IT spending in smart home market for 2016-2020. To calculate the market size, the report considers the revenue generated from B2B sales of IT solutions such as hardware, software, and IT services.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global IT Spending in Smart Home Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Cisco
Honeywell International
Intel
Schneider Electric
Verizon Communications
Other prominent vendors
Accenture
Alcatel Lucent
Amazon Web Services
ARM Holdings
Dell
Ericsson
GE
Huawei
Infosys
Microsoft
Oracle
Qualcomm
Telefonica
Market driver
Higher spending on smart community projects
For a full, detailed list, view our report
Market challenge
Slow rate of technology adoption
For a full, detailed list, view our report
Market trend
Increased adoption of voice controlled intelligent system
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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