Smart Home as a Service Market: New Most Well Guarded Secrets

Smart home as a service or also referred to as (SHaaS) is a type of service where instead of consumer, service provider selects, installs, maintains, upgrades, and programs smart home devices. Smart home as a service uses the subscription-based business models with monthly payment from consumers. Novel technologies are used in SHaaS including connected devices, sensors, cloud intelligence, and social media to combine a variety of important services into a simple-to-use app that allows service providers to make their consumers’ lives effortless and simple. There are three major aspects of smart home as a service namely intelligence, connectivity, and functionality where it can help the user to function properly

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Frequently Asked Questions

1)What are the growth estimates for smart home as a service market till 2027?

The global smart home as a service market is estimated to reach US$ 15,225.8 Million by 2027.

2)What are the key factors hampering growth of the smart home as a service market?

High cost of implementation, coupled with issues regarding privacy and misuse of technology are some of the major factors that are expected to hamper growth of the market over the forecast period.

3) What are the key factors driving growth of the smart home as a service market?

Growing demand for energy management solutions is one of the major factors that is expected to propel growth of the market over the forecast period.

4) What is the Compound Annual Growth Rate (CAGR) of the smart home as a service market for next 8 years?

The global smart home as a service market is estimated to exhibit a CAGR of 18.1% during the forecast period (2019-2027).

Competitive Section

Key players operating in the global smart home as a service market are Ingersoll-Rand plc (Nexia), Vivint, Inc., Protection One Alarm Monitoring, Inc., The ADT Corporation, Telus Communications, Frontpoint Security Solutions, AT&T Inc., Johnson Controls, Inc., Comcast Corporation, Charter Communications (TWC), and CenturyLink, Inc.

Detailed Segmentation:

Global Smart Home as a service Market, By Service:

Managed
Integrated

Global Smart Home as a service Market, By Solution:

Security and Access,
Lighting and Window,
Audio-Visual and Entertainment,
Energy Management and Climate
Integrated

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