Smart Homes Technology Market Analysis by Top Key Players Haier Electronics, Cisco Systems, Inc., Google, Amazon, Honeywell International, Crestron Electronics Inc., General Electric Company

The global smart home market is segmented based on applications, technology and end users. Applications (security and safety, smart appliances, home entertainment, lighting and control, HVAC, energy management), technology (wired and wireless technology) and end users ( residential & commercial) are the major focus areas considered while analyzing and defining the penetration of smart home technology in different geographies.

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The Smart Homes Technology Market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, and product type and distribution channels.

By Market Players: Haier Electronics, Cisco Systems, Inc., Google, Amazon, Honeywell International, Crestron Electronics Inc., General Electric Company, IBM Corporation, LG Electronics Inc., Schneider Electric S.E., and Siemens AG

The proliferation and smartening of IoT devices has remarkably scaled up the potential for the industry and significant amount of data or information can be stored, collected, analyzed and transmitted, helping the companies save substantial amount of money. Hence, during 2017, wireless smart technology held a prominent share of 84.3%, followed by wired technology.

Moreover, benefits of smart home technology can also be witnessed among commercial end-users such as hotels, hospitals and other commercial buildings. Technological breakthroughs have been successful in bringing about new shapes in the global smart home market. Smart home technology application was majorly prominent among hospitals.

Moreover, strong competitiveness, flourishing IoT, spur in product development, R&D activities and dramatic uptake of technological advancements, investments by major peers, rising consumer awareness, spur in smartphone penetration have being significantly contributing in prospering the market size of smart home technology. Owing to this, the global smart home market was valued at US$ 32,171 million during 2017 and is projected to reach US$ 1,40,458.2 million by 2024.

Furthermore, for better understanding of the industry the report analysis the penetration of smart home devices in different geographies and countries including North America, Europe, Asia-Pacific Latin America and Middle East and North Africa (MENA). Based on estimation, North America dominated the global smart home market, with more than 53% share in 2017.

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Table of Content
1 MARKET INTRODUCTION
1.1 Market Definition
1.2 Objective of the Study
1.3 Limitation
1.4 Stakeholders
1.5 Currency used in the Report
2. RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Secondary Data
2.2 Key Secondary Sources
2.3 Primary Data
2.4 Sampling Techniques & Data Collection Methods
2.5 Primary Participants
3. INDUSTRY PERFORMANCE
4. EXECUTIVE SUMMARY
5. MARKET OVERVIEW
5.1 General Overview of Smart Home Market
5.1.1 Pricing Analysis of Smart Home Appliances, by Type of Cost
5.2 Market Dynamics
5.2.1 Increasing Awareness of Advanced Technology among Consumers
5.2.2 Increasing Penetration of Smartphones and internet, especially in APAC Region
5.2.3 Proliferation of Internet of Things, especially in the Emerging Regions
5.2.4 Surging Disposable Incomes and Urbanization
5.2.5 Growing Demand for Smart Home Energy Management System
5.2.6 Development of Interconnectivity across Platforms and Devices
5.3 Market Restraints
5.3.1 Concerns regarding Privacy and Hacking
5.3.2 Complex Installation and High Price of the Smart Home products 35
5.4 Opportunities in the Market
5.4.1 Scope for Insurance companies

5.4.2 Growth opportunity for Telecom Operators
5.4.3 Emerging Business Opportunities in Asia-Pacific
5.4.4 Restoring Independence for Elders
5.5 Factor Analysis
5.5.1 Demand & Supply Side Analysis
5.5.2 Major Development & Investments in the Smart Home Market
5.5.3 Major development and new Start-ups
5.5.4 Top Investor in the Smart Home Market

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