Connected Homes Market by 2027: Winning Strategies, Recent Developments and Prominent Players

A connected home is an advance system, which can be accessible from any remote location using mobile devices such as smart phones, tablets and laptops. Within a connected home, multiple devices can be connected through a local area networks or wireless home network to any media centers such as TV, receiver, DVD recorder, media player, gaming consoles, and others. These connected home enable users to monitor and control household activities from remote location through a web interface to access all devices even outside the home.

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The connected homes market gains popularity among various applications such as home automation, lightening, thermostat, and water heaters. The key drivers, which boost the connected home markets are convenience, security, accessibility, efficiency, and durability. In addition, connected homes also help people access their entertainment devices and other household appliances remotely, which not only provides convenience but also increases the overall entertainment. However, lack of privacy and security hamper the market growth. Moreover, increase in demand for automated home creates an opportunity for the market growth.

The global connected home market is segmented on the basis of solution, application, and geography. The solution segment is bifurcated into security & access, lightening & window, audio-visual & entertainment, energy management & climate, and integrated solutions. Based on application, the market is classified into home automation, lightening, consumer appliances, thermostat, and others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The major companies profiled in the report include Honeywell International Inc., Siemens AG, Schneider Electric SE, ABB Ltd, Johnson Controls Inc., Emerson Electric Company, Samsung Electronics Co., LG Electronics Inc., United Technologies Corporation, and Crestron Electronics Inc.

Potential Benefits
o Comprehensive analysis of the current trends and future estimations in the global connected homes market is provided from 2020 - 2027
o The report provides a competitive scenario of the market with growth trends, structure, driving factors, scope, opportunities, and challenges.
o The report includes a detailed analysis of the key segments to provide insights on market dynamics.
o Porters Five Forces analysis highlights the potential of buyers and suppliers as well as provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.

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Connected Homes Market Key Segmentation:
By Solution
o Security & Access
o Lightening & Window
o Audio-Visual & Entertainment
o Energy Management & Climate
o Integrated Solutions

By Applications
o Home Automation
o Lightening
o Consumer Appliances
o Thermostat
o Others

By Geography
o North America
o Europe
o Asia-Pacific
o LAMEA

Key Players
o Honeywell International Inc.
o Siemens AG
o Schneider Electric SE
o ABB Ltd
o Johnson Controls 9Inc.
o Emerson Electric Company
o Samsung Electronics Co.
o LG Electronics Inc.
o United Technologies Corporation
o Crestron Electronics Inc

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