04-16-2018 05:13 PM CET - Advertising, Media Consulting, Marketing Research

Global Smart Homes Market Size to reach USD 85 billion by 2025 | CAGR: 15.0%

Press release from: Bizwit Research & Consulting LLP
New York 16 April 2018, As per the new research study conducted by Bizwit Research & Consulting LLP, Global Smart Homes market was valued approximately USD 24.5 billion in 2016, is anticipated to grow at a CAGR of 15.0% during forecasted period. The market is primarily driven by rapid technological development in smart technology, favorable government initiative for smart infrastructure, and increasing demand for energy conservation. Moreover, exponential growth in IoT technologies and its applications along with the rising internet penetration in the developing regions are also likely to fuel the market growth over the forecast period. Smart Home technology or home automation enables remote monitoring and management of home appliances and systems using the concept of Internet of Things(IoT) which enable the devices to operate together and thus providing more secured, comfortable, convenient and energy efficient home.
To view the summary or to request a sample copy of this report, please click the link mentioned below:

Global Smart Homes Market Size Study, by Product (Smart Lighting, Smart Speakers, Smart Sensors, Smart Appliances, Smart Security Equipment), by Application (Lighting Control, HVAC Control, Security & Access Control, Entertainment Control) and Regional Forecasts, 2017-2025

Key findings of the study:
• Owing to early adoption for new technologies North America dominates the current market revenue with more than 35% revenue share in 2016.
• Entertainment control is expected to grow at highest CAGR of 18.8% during 2017-2025.
• Developments in supportive infrastructure and enabling technologies to create significant growth opportunities in Asia Pacific Market.
• Companies are investing in developing countries Asia Pacific region. Strategic partnerships and product launch are the key strategies adopted by the market players.

• Smart Lighting
• Smart Speakers
• Smart Sensors
• Smart Appliances
• Smart Security Equipment
• Others

By Application:
• Lighting Control
• HVAC Control
• Security and Access Control
• Entertainment Control
• Others

• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World

For more details or related reports visit our website: Bizwit Research & Consulting LLP
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. We incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.We serve various companies including fortune 500 across the globe, our experienced workforce helps the clients to shape their growth with proper channelizing and execution. More than being a research & consulting company, we aim to offer strategical support using data analysis for new customer acquisition and company expansion. We offer report customization pertaining to specific markets which can cater to the particular client’s need. We also regularly update our research reports to ensure the most recent, relevant, and valuable information is being delivered to the clients. We also collect feedback and reviews pertaining to different industries, this helps us to validate the projections and forecasting methods. We also help the clients to increase their Return on Investments (ROI) by analyzing the strings of raw data and finding different Key Performance Indicator (KPIs).


Bizwit Research & Consulting LLP

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