Press release
Global Smart Home Market Evolution 2018 and business development: Top companies are ABB, Cisco, IBM, Control4, Leviton, United Technology Corporation, Siemens Building Technologies, Smarthome, Smart Home Systems Inc, smart home SA, LG Electronics Others
Global Smart Home Market–
The global smart home market is expected to reach USD 55.7 billion by 2025, from USD 25.3 billion in 2017 growing at a CAGR of 16.8% during the forecast period of 2018 to 2025.
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Prominent players of Smart Home Market are Siemens, GE, Schneider Electric, Honeywell, SAMSUNG, Lutron Electronics, Johnson Controls, Emerson, LIFX Among, Ingersoll Rand, Legrand, Acuity Brands, Leviton, Vivint Smart Home, Sleep Number Corporation, Switchmate Inc., LIFX, Crestron Electronics, ABB, Cisco, IBM, Control4, Leviton, United Technology Corporation, Siemens Building Technologies, Smarthome, Smart Home Systems Inc, smart home SA, LG Electronics Others.
The advanced technology has enabled various devices to be connected and controlled by one device and this technology is used by smart homes. In smart homes, various devices such as lighting, AC, CCTV cameras, smart TV, washing machine, etc., can be controlled by either a remote or a smartphone or tablet. These devices can be switched on or off from a different location even if the device controlling them gets a signal for the same. Homeowners are enjoying more convenience and comfort from basic security monitoring and customized access to window coverings, appliances, lighting, irrigation, entertainment systems and many others. Prominent drivers of smart home adoption are energy efficiency, home security, entertainment, convenience/productivity, remote health monitoring and connectivity.
Market Segments
Based on application, the global smart home market is classified into
• lighting control,
• security and access control,
• HVAC control,
• entertainment and other controls,
• home healthcare,
• Smart kitchen and home appliances.
On the basis of software & service, the global smart home market is segmented into
• Behavioural and Proactive.
Based on geography, the global smart home market report covers data points for 28 countries across multiple geographies namely
• north America & south America,
• Europe,
• Asia-pacific and,
• middle east & Africa
Some of the major countries covered in this report are the U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. In 2017, North America is expected to dominate the market.
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Scope of Market
• It helps in making informed business decisions by having complete insights of SMART HOME market and by in-depth analysis of market segments
• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• Analysis of the various growth opportunities in the Global SMART HOME for stakeholders and to provide details of competitive landscape for significant players
• Competitive Analysis of the top Competitors operating in the market space along with analyzing the latest trends and business strategies used by various Companies.
• Growth of the Global SMART HOME industry across various geographies such as the North America Europe, Asia-Pacific, South America and Middle East & Africa.
• Key points related to the focus on SMART HOME market like product definition, variety of application, Revenue and demand and supply statistics.
Competitive Analysis of Global smart home market
The global smart home market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart home market for global, Europe, North America, Asia Pacific and South America.
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