Press release
TOP 10 COMPANIES IN SMART HOME MARKET | Market Worth $144 Billion by 2025
Meticulous Research- leading global market research company published a research report titled "Smart Home Market by Product (Smart Speakers, Smart Lighting, and Smart Home Security), Standards & Protocols (Bluetooth, Wi-Fi, and ZigBee), and Geography - Global Forecast to 2025".According to this latest publication from Meticulous Research, the global smart home market is expected to grow at a CAGR of 16.5% from 2019 to reach $144.0 billion by 2025.
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Substantial growth in the global smart home market is mainly attributed to the growing significance of the internet and Internet of Things (IoT) and the evolution of the new breeds of smart devices. The growing sense of safety & security and the need for consistent monitoring has urged consumers to incorporate smart security & monitoring devices into their homes. Furthermore, the need for more practical and energy-efficient home and kitchen appliances has also encouraged the demand for smart appliances, thereby, complementing the growth of the global smart home market. However, hesitance in acceptance of the latest technology coupled with the high cost of procurement of smart devices is expected to hinder the growth of the global smart homes market.
Key questions answered in the report-
Which are the high growth market segments in terms of product, protocols & standards, and countries?
What was the historical market for smart home devices across the globe?
What are the market forecasts and estimates for the period 2019-2025?
What are the major drivers, restraints, opportunities, and challenges in the global smart home market?
Who are the major players in the global smart home market?
How the competitive landscape in the global smart home market?
What are the recent developments in the global smart home market?
What are the different strategies adopted by the major players in the global smart home market?
Buy Our Premium Research Report of Smart Home Market:- No. of pages- 261, No. of Tables 241, List of Figures 30 @ http://bit.ly/2Hw0bQ1
Global smart homes market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2025- by-product (smart lighting system, smart speakers, HVAC control, security & monitoring, smart entertainment system, smart home appliances, smart kitchen appliances, smart home healthcare system, and smart furniture), and protocols & standards (wireless protocol, wired protocol, and hybrid protocol). The study also evaluates industry competitors and analyzes the market at a regional and country level.
On the basis of product type, smart security & monitoring systems segment is estimated to command the largest share of the global smart home market in 2019. The growth is mainly attributed to the rising concerns associated with domestic theft and burglary. Smart safety and monitoring systems have proved its metal in reducing the number of criminal offenses with respect to home break-ins and hence, the system climbed to the top of the priority list of consumers who are ready to incorporate smart home concept. However, Smart speakers are expected to grow with the fastest growth rate in coming years, owing to the growing popularity of smart speakers such as Google Home and Amazon Echo. Smart speakers are proving their utilities as an interface between smart devices and consumers and hence are predicted to spearhead the segment in terms of growth rate.
On the basis of protocols & standards, wireless protocols and standards accounted for the largest share of the global smart homes market. Owing to the widespread adoption of wireless protocols such as Wi-Fi, Bluetooth, and ZigBee, among others helped wireless protocols & standards to dominate the market segment. Besides declining cost of wireless technology, introduction of 5G connectivity is also contributing to the overall growth of wireless protocols
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On the basis of geography, the overall smart home market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with further country level analysis in each region. With respect to revenue, North America is by far the most commanding market and expected to maintain its dominance throughout the forecast period. The market growth in North America is majorly attributed to higher acceptance level of new technology by consumers and availability of variety of smart devices. However, Asia Pacific is offering some serious challenge to the dominance of North America in the global smart home market. Rising enthusiasm of consumers for smart devices, presence of young consumer groups, and growing disposable income has opened new doors of opportunity for smart home players in Asia pacific region.
The major players operating in the global smart home market are Google LLC (U.S.), Amazon (U.S.), Samsung (South Korea), Apple, Inc. (U.S.)., Siemens AG (German), United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Johnson Controls International plc (U.S.), Schneider Electric SE (France), LG Electronics Inc. (South Korea), Robert Bosch GmbH (Germany), ABB Ltd. (Switzerland), ASSA ABLOY (Sweden), General Electric Company (U.S.), Legrand S.A. (France), and Sony Corporation (Japan), among others.
TOP 10 COMPANIES IN SMART HOME MARKET @ http://bit.ly/2UKRTv8
Scope of Smart Home Market Report:
Smart Home Market by Product:-
Smart Lighting Systems
Smart Speakers
HVAC Control
>Smart Thermostat
>Smart Vents
>Smart Air-Conditioner
Security & Monitoring Systems
>Security Cameras
>Interface
>Smart Locks and Access Controls
Smart Entertainment Systems
Smart Home Appliances
>Smart Washing Machines
>Smart Water Heaters
>Robotic Vacuum Cleaners
Smart Kitchen Appliances
>Smart Refrigerators
>Smart Coffee Makers
>Smart Dishwashers
>Smart Ovens
Smart Home Healthcare Systems
Smart Furniture
>Sofas & Recliners
>Smart Tables & Desks
Smart Home Market by Standards & Protocols:-
Wireless Protocols
>ZigBee
>Wi-Fi
>Bluetooth
>Z-Wave
>Thread
>Enocean
Wired Protocols
>KNX
>UPB
>X10
>BACnet
>LonWorks
>DALI
>Modbus
>Ethernet
Hybrid Protocols
>Insteon
>C-Bus
....Download Research Sample to Read Full TOC @
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TOP 10 COMPANIES IN NETWORK SECURITY FIREWALL MARKET
Network Security Firewall Market by Type (Unified Threat Management, Next-generation Firewall), Component (Solution, Services), Deployment (On-premise, Cloud) Industry Size (SME, Large Enterprises), and Geography - Global Forecast to 2025 @ http://bit.ly/38pvDef
Edge Computing Market by Application (Smart Cities, Industrial IoT, Remote Monitoring, Content Delivery, AR VR), Industry (Manufacturing, Retail, Healthcare, Media, Telecommunications, Logistics, Government, Energy, Utilities) - Global Forecast to 2027 @ http://bit.ly/2P5w5XN
Border Security Systems Market by System (Radar, Laser, Camera, Perimeter Intrusion Detection, Unmanned Vehicles, Wide-Band Wireless Communication, Command and Control, Biometric), Environment (Ground, Aerial, Naval), and End User Country - Global Forecast to @ 2025http://bit.ly/2OPKx5X
Collaborative Robots Market by Component (Software, Hardware), Payload Capacity (Up to 5 Kg, between 5 and 10kg, above 10kg), Application (Assembly, Pick and Place, Material Handling), End Use Industry (Automotive, Electronics, Metals and Machining) and Geography - Global Forecast to 2025 @ http://bit.ly/2OPoT1G
Healthcare Cloud Computing Market by Application (Clinical Information Systems, Nonclinical Information Systems), Service Model (SAAS, IASS, PAAS), Deployment Model (Private cloud, Public cloud, Hybrid Cloud), Pricing Model (Pay-as-you-go, Spot Pricing), Component (Services, Software), End User(Healthcare Providers, Healthcare Payers) - Global Forecast to 2025 @ http://bit.ly/39tHJTL
Contact Us:
Meticulous Research
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
About Us
Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
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