Press release
Smart Home Platforms Market is expected to expand at a CAGR of 16.5% to reach US$ 110 Billion from 2022 to 2032
Augmentation of the market can be credited to the rising web penetration and rising number of smartphone clients and rising lifestyle across various farming countries.
Request a Sample Copy of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-14982
Furthermore, the creating gathering of developments like Artificial information, and IoT in homes to give further developed security and control of every single home machine at the tip is going probably as an obvious perspective for extended bargains.
There are different elements related with the utilization of a smart home stage; nonetheless, one of the genuinely noteworthy advantages is that it consequently predicts the way of behaving and needs of the clients to furnish them with pleasurable and charming environmental factors.
On the contrary, owing to the high cost of installation and the privacy concern linked with the smart appliances have certainly impacted the utility of smart home platforms in several parts of the globe. Although, key players are developing state-of-the-art technologies to make these systems secure and unhackable.
Key Takeaways from the Market Study
Smart home platforms for security and surveillance capture the largest share of 53.3%, growing at a CAGR of 16.7%
IoT platforms for smart appliances to account for 65% revenue across the forecast period
North America market is expected to secure US$ 24 Billion while expanding at a CAGR of 16.5%
Asia Pacific to record a CAGR of 15.2% during the forecast period
Global smart home platforms market to flourish 4.6x from 2022 to 2032
"Mushrooming demand for efficient household security systems and the convenience of all smart appliances at the remote has boosted the adoption of smart home platforms like Alexa across the globe," remarks an FMI analyst.
Competitive Landscape
Key players in the global Smart Home Platforms market include Apple Inc., Google LLC, Cisco Systems, Inc., Resideo Technologies, Inc., Amazon.com, Inc., LG Electronics, Samsung Electronics Co. Ltd., Siemens AG, Robert Bosch Smart Home GmbH, General Electric Company. Some of the recent key developments among the players are:
In June 2022, Samsung Electronics announced the global launch of SmartThings Home Life, offering consumers worldwide a more holistic smart home experience. Samsung's SmartThings Home Life, introduced at this year's Bespoke Home 2022, is launched in 97 countries.
In January 2020, Apple, Google, Amazon, and the Zigbee Alliance have all teamed up to make a new smart home standard. The new working group went under the name of "project Connected Home over IP".
In February 2020, Cisco has announced its acquisition of Exablaze*, a privately held, Australia-based designer and manufacturer of advanced network devices.
For any Queries Related with the Report, Ask an Analyst @
https://www.futuremarketinsights.com/ask-question/rep-gb-14982
More Valuable Insights Available
FMI, in its new offering, presents an unbiased analysis of the global Smart Home Platforms market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by Type (IoT Platform for Control & Connectivity Devices, IoT Platform for Security & Surveillance Systems and IoT Platform for Smart Appliances) & Region (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
What Are The Major Trends In The Global Smart Home Platforms Market?
Conventional home systems were developed to work with a constrained amount of connectivity. Users were also limited to operating systems inside a certain range. Nevertheless, the upsurge of smart technology is opening up a pool of growth prospects. It has taken the use of connectivity to offer owners remote access to their homes.
The latest application inclination combines artificial intelligence and automation to offer domestic assistance in an advanced and new way. These recent developments ensure state-of-the-art technical gadgets as well as security. Smart houses have fitted video door alarms, facial recognition devices, ultra-modern burglar alarms, and remote-controlled locks as some of the most prevalent security options.
To Remain 'Ahead' of your Competitors, Get Customized Report @
https://www.futuremarketinsights.com/customization-available/rep-gb-14982
Key Segments Covered In The Smart Home Platforms Industry Survey
Smart Home Platforms Market by Type:
IoT Platform for Control & Connectivity Devices
IoT Platform for Security & Surveillance Systems
IoT Platform for Smart Appliances
Smart Home Platforms Market by Region:
North America Smart Home Platforms Market
Latin America Smart Home Platforms Market
Europe Smart Home Platforms Market
Asia Pacific Smart Home Platforms Market
The Middle East & Africa Smart Home Platforms Market
Explore FMI's Extensive Coverage on Technology Domain -
Enterprise Content Management Market - https://www.futuremarketinsights.com/reports/enterprise-content-management-market
Enterprise Mobility Market - https://www.futuremarketinsights.com/reports/enterprise-mobility-market
IoT Device Management Market - https://www.futuremarketinsights.com/reports/iot-device-management-market
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
Report Link: https://www.futuremarketinsights.com/reports/smart-home-platforms-market
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Home Platforms Market is expected to expand at a CAGR of 16.5% to reach US$ 110 Billion from 2022 to 2032 here
News-ID: 2723843 • Views: …
More Releases from Future Market Inisghts
Specialty Active Pharmaceutical Ingredient Market to Expand at 3.8% CAGR, Hittin …
The global specialty active pharmaceutical ingredients market is estimated to be valued at USD 222.38 billion in 2025 and is projected to reach USD 322.9 billion by 2035, registering a compound annual growth rate (CAGR) of 3.8% over the forecast period.
Get Sample Report: - https://www.futuremarketinsights.com/reports/sample/rep-gb-1719
The special Specialty Active Pharmaceutical Ingredient market has emerged as a dynamic section within the wider pharmaceutical industry. These APIs are used in the manufacture of…
Beer Bottle Industry Set to Surpass USD 1.23 Billion by 2032, Driven by Glass Pa …
The global beer bottle industry is set to experience significant growth, with an estimated market size of USD 815.42 million in 2022, and an anticipated compound annual growth rate (CAGR) of 4.2% from 2023 to 2032. The industry is projected to surpass USD 1.23 billion by the end of the forecast period, fueled by increasing consumer demand, social trends, and innovations in packaging technologies.
Get a Sample PDF of the Report:…
Global Biodegradable Packaging Market to Reach USD 440.7 Billion by 2034, Driven …
The global biodegradable packaging market is poised for substantial growth, with an estimated value of USD 228.1 billion in 2024 and an anticipated compound annual growth rate (CAGR) of 6.8%, reaching USD 440.7 billion by 2034. The market is being fueled by a major shift toward sustainable practices, especially with the integration of circular economy principles and innovative smart packaging technologies.
As the demand for environmentally friendly packaging solutions grows, industries…
Exploring the Container Liner Market: Applications, Market Segmentation, and Reg …
The global container liners market is poised for continued growth, with the market forecast to reach a valuation of USD 891 million in 2023. As per Future Market Insights (FMI), container liner sales are expected to increase at a compound annual growth rate (CAGR) of 4.6% between 2023 and 2033. This growth is driven by the increasing demand for cost-effective, protective packaging solutions, particularly within the transportation and logistics industries.
Get…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
