Global Smart Home Hub Market is Likely to Grow at a CAGR More Than 5% in Terms of Shipment During 2016–2022

A recent report published by Beige Market Intelligence with title “Global Smart Home Hub Market – Strategic Assessment and Forecast 2017–2022”, considers the present scenario of the global smart home hub market and its strategic assessment during the period 2016–2022. The report outlines the top trends, drivers, restraints, and profiles the leading five vendors in the market.

View report :
http://www.beigemarketintelligence.com/reports/research-report-consumer-and-retail-market/smart-home-hub-market-report/

It provides the analysis of key segments of the market by distribution channel, geography, country, and vendors. It provides a comprehensive analysis of the revenue from the following segments:

By Distribution Channels

Retail stores
Mass market players
Electronic stores
Online stores

By Geography
APAC
Europe
North America
RoW

The report also includes a detailed study of leading trends, drivers, and restraints for each region.

Smart Home Hub Market – Market Size and Dynamics

Analysts at Beige Market Intelligence expect that the global smart home hub market is likely to post a CAGR more than 5% and 4% in terms of unit shipment and revenue, respectively during 2016–2022. One of the reasons for increasing sales of smart home hub in developing as well as developed countries is urbanization. Urbanization has led to the creation of better job opportunities for people, which, in turn, leads to the improvement in their living standards. Increased per capita income and growth of dual-income households constitute the basis for increasing spend on smart devices worldwide. Further, the cost-effectiveness of smart home hubs offered online (often at discounted prices) is also attracting price-sensitive, new buyers in the market. In addition, improving global economic conditions will drive the growth of the market, making it attractive for vendors to launch new products.

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Smart Home Hub Market – Geographical Analysis
Globally, North America is the largest market for smart home automation, and the market is growing rapidly. This will fuel the demand for smart home hubs in the region. The demand for smart hubs in Europe is high and is expected to increase during the forecast period. The major reason for the growth in demand is the introduction of upgraded smart home hubs in the market by vendors. Also, the smart home penetration is increasing in the Western European countries. The report includes the market analysis of different regions such as North America, Latin America, APAC, MEA, and Europe. It outlines the major market shareholders and the market size analysis of all regions.

Smart Home Hub Market – Key Vendors and Market Share
The global market is dominated by vendors that have international presence. Many international players are expected to expand their presence worldwide during the forecast period, especially in the fast-developing countries in APAC and Latin America to gain more market share.

The report profiles major companies in the global market and provides the competitive landscape and market share of the leading players. It covers the entire market outlook regarding the value chain operating in the market.

Prominent Vendors

Flex (Wink Labs)
LG Electronics
Samsung
Other prominent vendors included in the report are Alphabet, Apple, Control4, Cozify, Invoxia, Logitech International, Lowe’s (Iris), Lutron Electronics, SmartBeings, Smartlabs (Insteon), Vera Control, Vivint, Zipato (Tri plus grupa).

Why should you buy the report?

The report provides answers to the following questions related to the market.

What are the current changes witnessed by the market and how are they likely to impact the market landscape in the coming years?
Which factors are likely to affect the market over the next few years?
What are the major emerging trends and challenges for the market over the next five years?
What is the market size and market forecast for each product segment?
What is the market size and market forecast for each end-user type?
Which region is likely to witness the largest market share and what are the factors driving the market growth in the region?
What is the sale growth rate in key geographies?

Source Link:
http://www.beigemarketintelligence.com/reports/research-report-consumer-and-retail-market/smart-home-hub-market-report/

About Beige Market Intelligence

Beige Market Intelligence provides competitive and insightful business intelligence across various industry verticals. Our expertise and knowledge ensures that the analysis provided is comprehensive, detailed, and complete. The analysis helps our client organizations to make insightful decisions and devise innovative marketing strategies for their businesses. The actionable insights delivered through our research reports provide a comprehensive market analysis at every level of market segmentation in the industry.
Our team of experts ensure the analysis is not just analyzed and presented but also customized depending upon the client’s requirement. When it comes to competitive intelligence, we ensure our clients do not look beyond us.
Our employment base is spread across the globe. Our analysts come with a wide industry experience, which includes understanding the client's requirement and delivering high-quality research reports.

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This release was published on openPR.