Press release
Smart Home Market Trends with Future Scenarios and Implications for the Industry
Smart Home Market 2019-2026
The rapid adoption of smartphone devices, growing penetration of internet users, awareness regarding energy-saving, and low carbon emission solutions are driving the demand for the smart home market. Energy-efficiency is a crucial element in reducing the carbon footprint.
The Smart Home Market report provides details analysis of the market trends, drivers and restraints to showcase the current and future market scenario. StraitsResearch has ensured to provide a full-proof report that consists of the market strategies based on advanced technologies, applications, and different regions around the globe. The markets are expected to show compelling growth during the forecasted period due to the growing demand for the Smart Home.
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North America holds the largest share of the global smart home market. Countries in the region, including the U.S., Canada, and Mexico, are embracing smart home technology. According to Houseware.org, the U.S. smart home market will reach USD 40 Billion by 2020.
Europe is witnessing considerable growth in the smart home market. In terms of the adoption of smart home technology, the U.K., France, and Germany are frontrunners in Europe, followed by Italy and Spain.
Amazon’s Alexa and Google’s Google Home are among the digital giants of the global smart home market. Numerous players are instigating virtual assistance to endure in this cut-throat market competition. According to BCG, in 2016, USD 2 billion were invested in smart home technology research.
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The market is segmented into different sections such as by type, by application, by end-users, and by regions. The Smart Home trends we are going to see on the horizon for Industry 4.0 in 2020 are much the same as trends that we’ve seen growing … revolutionizing … over the last few years. To make this report an exceptional one, several parameters are models are used which include SWOT analysis, Porter's five force model, and pestle analysis.
The key objective of this report is to highlight various trends and dynamics, new and inventive technology and mergers and acquisitions that are expected to make a positive impact on the overall industry. Then, the report provides a comprehensive analysis of the Smart Home industry and has shared complete information about its various features.
StraitsResearch offers a high level of accuracy, an in-depth valuation, and systematic research methodology to the reader that helped to collect the info from direct as well as indirect sources. Forecasting patterns were considered across the various regions where the Smart Home industry is growing steadily. The report has taken a deep dive into the market and has extracted the data from secondary and primary sources.
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These market estimates have been examined by considering the impact of various political, social, financial, innovative, and legal factors alongside the present market dynamics influencing market development. Elements including the market status, contributions, and R&D initiatives are ascribed to the organization's capabilities. This segment likewise identifies and includes the different ongoing developments undertaken by the key participants.
Reasons to have this report insights-:
The Smart Home market report provides an all-encompassing perspective related to the regional market and comprehends the different components engaged with the purchasing choices.
The report analysis different research projects, significant information which helps the client to settle on learning choices.
The report incorporates segmentation that helps in understanding developing deals with new logical reasoning, new aptitudes, and imaginative projects and instruments.
Top Market Key Players:
Some of the key players in the global market are Amazon, Inc. (U.S.), Apple Inc. (U.S.), Google (U.S.), Ingersoll-Rand PLC (Ireland), ABB (Switzerland), Legrand S.A. (France), GE (U.S.), Comcast Corp. (U.S.), Hubbell Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), ADT (U.S.), Robert Bosch GmbH (Germany), ASSA ABLOY (Sweden), ABB Ltd. (Switzerland), LG Electronics (South Korea), Sony (Japan), Control4 Corp. (U.S.), Lutron Electronics Co. Inc. (U.S.), Vivint (U.S.), and Axis Communication AB (Sweden).
Segmentation of Smart Home Market:
By Product, Lighting Control, Security & Access Control, HVAC, Entertainment, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, Smart Furniture
The competitive landscape:
The competitive landscape of the Smart Home market is a highly crucial section of the report that creates a firm portrait of the market’s key players and their rivalries. A reader can evaluate their position in the market by using this scale of reference, while extensively planning their future movements to counter the movements of the other players in the same areas. This segment provides updated details on company profiles, business strategies, financial statistics, growth rate and the future scenario for the key leading players in the market, along with the ones that indicate the most positive growth rates.
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Report Highlights:
Smart Home Market Dynamics (Trends, Drivers, Challenges, Opportunities, Restraints)
SWOT Analysis
Distribution and Logistics Channel Analysis
Import/Export Strategies
Product Benchmarking and Pricing Analysis of Key Industry Players
Policy & Regulation.
The content of the study subjects includes a total of 15 chapters:
Chapter 1, describes Smart Home product scope, market overview, market opportunities, market driving force, and market trends with customer preference.
Chapter 2, Top Leading Players profiling, with price, sales, revenue and global market shares in 2017 and 2018.
Chapter 3, the Smart Home competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Smart Home breakdown data are shown at the regional level, to show the sales, revenue, and growth by regions, from 2014 to 2019.
Chapters 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue, and market share for key countries in the world, from 2012 to 2019.
In the end, this report discusses the key drivers influencing the market growth, opportunities, challenges and the risks faced by key players and the Smart Home market as a whole. Additionally, It analyzes the emerging trends and their impact on present and future market statistics and development.
Customization of the Report:
This report can be customized to meet Corporate demands. Please connect with our sales team sales@straitsresearch.com, who will ensure that you get a report that suits your business needs.
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Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 6464807505, +44 203 318 2846
Website: https://straitsresearch.com/
Straits Research is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports.
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