Europe Smart Home Technology Market May See a Big Move | Assa Abbloy, Deutsche Telekom, Emerson Electric, IBM

Europe Smart Home Technology Market Growth (Status and Outlook) 2021-2026 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Europe Engineering Survey and Design Market. Some of the key players profiled in the study are ABB Ltd, Assa Abbloy, Cisco Systems Inc., Deutsche Telekom AG, Emerson Electric Co., General Electric Company, Samsung Electronics Ltd, Honeywell International Inc., IBM Corporation, Schneider Electric S.E., and Siemens AG and United Technologies Corporation and others.

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Summary
Europe smart home market is segmented based on applications, technology and end users. Applications (security & safety, smart appliances, home entertainment, lighting &control, HVAC, energy management), technology (wired and wireless technology) and end users (residential and commercial) are the major focus areas considered while analyzing and defining the penetration of smart home technology in different geographies across Europe. In 2018, safety and security systems dominated the regional smart home market with the maximum share in terms of revenue. Based on the estimation, the segment occupied around 22.8% share in the same year. Increasing demand for security & safety devices, rising penetration of security vendors in Europe such as Verisure & Securitas Direct and Tyco International building substantial monitoring revenue base throughout Europe would help the respective segment to grow at a faster rate of 25.4% during the forecast period (2019-2025). This will invigorate the region at matured stage in smart home technology landscape.

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The proliferation and smartening of IoT devices have remarkably scaled up the potential for the industry. Significant amount of data or information can be stored, collected, analyzed and transmitted leading to the saving of substantial amount of money by numerous companies. Hence, in 2018, wireless smart technology held a prominent share of 84.2%, followed by wired technology which held 15.8% during the same year. Wireless market in Europe smart home technology was valued at US$ 8,143.6 Million in 2018 and is projected to derive US$ 41,664.3 Million revenues by 2025 witnessing an astonishing CAGR of 26.7% during the forecast period. The same year, the wired connection also garnered US$ 1,530.4 Million of revenues and is projected to reach US$ 9,009.9 Million by 2025 showcasing remarkable compound growth of 29.2% over the forecast period. Ethernet wired connection occupied the largest share in the respective technology.

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1. MARKET INTRODUCTION
1.1 Market Definition 17
1.2 Objective of the Study 17
1.3 Limitation 17
1.4 Stakeholders 18
1.5 Currency used in the Report 18
1.6 Scope of the Europe Smart Home Technology Market Study 18
2. RESEARCH METHODOLOGY OR ASSUMPTION 19
2.1 Research Methodology for Europe Smart Home Technology Market Study 19
2.1.1 Main objective of the Europe Smart Home Technology Market Study 20
3. ENERGY EFFICIENCY DIRECTIVE IN EUROPEAN UNION 21
3.1 General Overview 21
3.1.1 European Union Energy efficiency targets for 2020 and 2030 22
3.1.2 Policies adopted to improve energy efficiency, among European Union 22
3.1.3 Energy efficiency progress update for European Union 23
3.1.4 Future impact of energy efficiency program in the EU 23
4. INDUSTRY PERFORMANCE 24
5. EXECUTIVE SUMMARY 26
6. MARKET OVERVIEW 28
6.1 Introduction 28
6.2 Market Dynamics 31
6.3 Market Drivers 31
6.3.1 Wave of Digitization at Accelerating Pace 31
6.3.2 Evolving Governmental Energy and Emission Policies 32
6.3.3 Growing Demand for Smart Home Energy Management System 33
6.3.4 Development of Smart Gas Metering Services 33
6.3.5 Development of Interconnectivity across Platforms and Devices 35
6.4 Market Restraints 35
6.4.1 Lack of Awareness among the Consumers & Infrastructural Concerns 35
6.4.2 Concerns Regarding Privacy and Hacking 36
6.4.3 Complex Installation and High Price of the Smart Home products 37
6.5 Opportunities 37
6.5.1 Scope for Insurance companies 37
6.5.2 Growth for Telecom Operators 37
6.5.3 Restoring Independence for Elders and Smart Health Solutions 38
6.6 Factor Analysis 39
6.6.1 Demand & Supply Side Analysis 39
6.6.2 Major Development & Investments in the Smart Home Market 40
6.6.3 Major development and new Start-ups 42
6.6.4 Top Investor in the Smart Home Market 44
6.6.5 Major Agreements and Contracts 45

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