Smart Home Devices Market Size 2020 | Brief Analysis by Top Key Players | Covid 19 Impact And Recovery | TBRC Reports

The Business Research Company offers "Smart Home Devices Global Market Report 2020-30: Covid 19 Growth And Change" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trend s and strategies that players in the market can adopt.

The global smart home devices market is expected to grow from $57.1 billion in 2019 to $58.7 billion in 2020 at a compound annual growth rate (CAGR) of 2.8%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 22% from 2021 and reach $101.6 billion in 2023.

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The smart homes devices market consists of sales of smart home appliances and devices. Smart home devices are controlled remotely from any internet-connected place in the world using a mobile or any other network devices. Appliances of the smart homes are interconnected in such a manner that the user gets the access to control the functions such as security check to the home, temperature, lighting, and home theatre.

Companies are developing voice assistants to control smart home devices. Voice assistants are digital assistants that react to voice commands and reply with relevant information. They are different from the traditional keyboard-based searches. They put more focus on the conversational phrasing of any content and prioritize the long tail keywords for any search. For example, Amazon and Google have launched their own voice assistants in their respective smart speakers. Amazon has launched Alexa Voice Assistant in its Echo smart speaker while Google has launched Google Assistant voice assistant for its Google Home smart speaker.

Smart Home Devices Market Segmentation:
By Technology
Wi-Fi Technology
Bluetooth Technology

By Application
Energy Management
Climate Control System
Healthcare System
Home Entertainment System
Lighting Control System
Security & Access Control System.

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Few Points From Table Of Content
1. Executive Summary
2. Smart Home Devices Market Characteristics
3. Smart Home Devices Market Size And Growth
4. Smart Home Devices Market Segmentation
5. Smart Home Devices Market Regional And Country Analysis
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25. Smart Home Devices Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Smart Home Devices Market
27. Smart Home Devices Market Trends And Strategies
28. Smart Home Devices Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the Smart Home Devices Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Smart Home Devices Market are ABB Ltd, General Electric Company, Johnson Controls, Inc., Siemens AG, Schneider Electric SE.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

This release was published on openPR.