Press release
Smart Homes Market Is Likely To Touch US$ 97.61 bn by 2025
Global Smart Home Market: Overview
Smart homes are the residences that are equipped with information and computing technology devices that anticipates and responds to the requirement of the owner in an effective and efficient manner. Smart homes involves automation and control of Heating, Ventilation, Air Conditioning and Security system (HVAC), lighting and home appliances like refrigerators, ovens and dryers. The smart home devices use Wi-Fi for monitoring remotely and are a part of Internet of Things (IoTs). Modern systems comprises sensors and switches connected to a central hub sometimes known as gateway from which systems are controlled with a user interface that is interrelated with a mobile phone software, web interface, or a wall mounted terminal. Further, smart homes use fingerprint identification or key cards in place of conventional locks, making the homes more secure. Smart homes market is fragmented market with various medium and small companies present in the market. Moreover, there are very few worldwide accepted industry standards in this market. Widespread communications protocol for products embraces Ethernet, X10, 6LoWPAN, RS-485, ZigBee Bluetooth LE (BLE) and Z-Wave, or other proprietary protocols that are incompatible with each other.
Get Sample copy of this Report @ https://www.marketresearchreports.biz/sample/sample/1068586
Global Smart Home Market: Trends and Opportunities
Increasing mobility is one of the emerging trends in the global smart home market during the forecast period. In the modern era, mobility is one of the important factors that allow people to be connected with their devices at home. Since all the devices are connected to a smart phone or tablet, no matter which corner of the house a person may be, can control everything via their smartphones thus, enhancing the mobility.
Increasing consumer acceptance is an important factor bolstering the demand of smart homes in the global market. Customers have identified the security, value and energy-efficient solutions offered by smart homes. The ease of monitoring, managing and controlling devices and home appliances at any time, from any place are boosting the customers’ acceptance of smart homes. The advent of the Internet of Things (IoT), technologies such as wearable’s, near field communications, Wi-Fi, smartphones, Bluetooth and ZigBee protocols, have additionally amplified the demand for smart home solutions.
Advancement in Internet of Things is also one of the major factors driving the smart home market worldwide. Increasing drops in the price of processors and sensors and higher networking capabilities alongside extensive Wi-Fi access have allowed extensive growth of Internet of Things. All the devices used in smart homes are now operates through internet of things. Since the IoTs excels a simple tech market and is likely to be applied in every field, thereby, allowing huge improvement of productivity and quality.
However, issues pertaining to privacy and security breach are restraining the growth of the smart home market during the forecast period. With the increasing demand of smart home devices, security and privacy breach is also increasing. Since the devices are connected to Internet of Things, there are chances that these devices likely be hacked or breached and exploited. Network security vulnerabilities from these devices is a major concern for the consumers or users. Another major issue with the smart home devices is the default passwords that the consumers use. Majority of the population does not change the default passwords of their devices that are easily hacked.
In addition, majority of the IoT devices are not deliberated with strict protection ability, therefore, they are vulnerable to attack.
View Sample PDF @ https://www.marketresearchreports.biz/reports/1068586/smart-homes-global-industry-market-research-reports.pdf
Global Smart Home Market: Segmentation
The global Smart Home market is segmented on the basis of application and geography. Based on application, the smart home market is bifurcated into lighting control, security and access control, HVAC control, entertainment control and others. The HVAC control segment accounted for the highest market revenue share in 2016 and is expected to remain the same during the forecast period. Need for energy efficient devices and concern for optimizing the use of energy are the factors bolstering the demand of HVAC control system in the global smart home market during the forecast period.
By geography, the global Smart Home market has been bifurcated into five regions that include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In 2016, the North America smart home market accounted for the highest market revenue share followed by Europe and Asia Pacific. Increasing demand of home healthcare is boosting the demand of smart home market in North America.
Companies Mentioned in the Report
Some of the key players in the global smart home market include Honeywell International Inc., Siemens AG, Schneider Electric SE, ABB Ltd., Johnson Controls Inc., Emerson Electric Company, Samsung Electronics Co., Ltd., LG Electronics Inc., United Technologies Corporation and Crestron Electronics, Inc. among others.?
The segments covered in the global Smart Home market are as follows:
By Application
Lighting Control
Security and Access Control
HVAC Control
Entertainment Control
Others
By Geography
North America
U.S.
Canada
Rest of North America
Europe
U.K.
Germany
France
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Middle East and Africa
South Africa
U.A.E.
Rest of MEA
Latin America
Brazil
Rest of Latin America
Send An Enquiry Request @ https://www.marketresearchreports.biz/sample/enquiry/1068586
Table of Content
Chapter 1 Preface
1.1 Report Scope & Market Segmentation
1.2 Research Highlights
Chapter 2 Executive Summary
Chapter 3 Research Methodology
Chapter 4 Market Overview
4.1 Product Overview
4.2 Market Introduction
4.3 Key Market Indicators
Chapter 5 Market Dynamics
5.1 Market Dynamics
5.1.1 Market Drivers
5.1.1.1 Advancement in Internet of Things (IoTs)
5.1.1.2 Rising demand for energy efficient solutions
5.1.1.3 Increasing consumer acceptance
5.1.2 Market Restraints
5.1.2.1 Issues pertaining to privacy and security breach
5.1.3 Market opportunities
5.1.3.1 Power-Line Communication Technology acts as a major opportunities
5.2 Global Smart Home market: Market attractiveness analysis, by Application
5.3 Porters Five Force Analysis
Chapter 6 Global Smart Home Market by Application 2017 – 2025
6.1 Introduction
6.2 Global Smart Home Market Value Share Analysis, By Application
6.3 Global Smart Home Market Forecast By Application
6.4 Global Smart Home Market Analysis By Application
Buy Now This Report From Here @ https://www.researchmoz.com/checkout?rep_id=1068586&licType=S
About us
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
Contact
Mr. Nachiket
State Tower
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-621-2074
USA: Canada Toll Free: 866-997-4948
Website: http://www.marketresearchreports.biz/
E: sales@marketresearchreports.biz
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 Homes Market Is Likely To Touch US$ 97.61 bn by 2025 here
News-ID: 854343 • Views: …
More Releases from MarketResearchReports.biz
Hydro-flyers Market: Moving Towards a Brighter Future
A hydro-flyer is an adventure sporting device which uses the propulsion of water jet technology to create continuous flight movement, where the lift and movement are controlled by the flyer. Hydro-flyers sporting devices make use of the flow of water power to drive the flyer to reach soaring heights. The rise in water sporting facilities is one of the major factors that promote the growth and demand for hydro-flyers in…
Outdoor Floodlights: Technology and Market Dynamics
Outdoor floodlights is a reliable, highly efficient, and economical solution for a wide range of outdoor applications. These lights are resistant to temperature fluctuations and they remain stable even in extreme climatic conditions. Unlike the traditional lights, floodlights remain stable and functional even in harsh climatic conditions. This makes them ideal for use in any climate and any outdoor application. Outdoor floodlights save a significant amount of energy and consume…
Snow Helmets Market Future Prospects and Regional Outlook
Riders are riding faster and getting bolder day by day. Hence, safety equipment need to be updated as per the requirement and changing time. Earlier, helmets were primarily used by extreme skiers and racers. They were used only on slopes. However, later, the use of helmets was made compulsory. Earlier, bulky black helmets were used by riders, which are outdated at present. Currently, new stylish helmets that can match with…
Predictions for 2019: Global Sparkling Water Dispensers Industry Is Set to Boom
Sparkling water dispensers are equipment used for dispensing carbonated water. These dispensers mix the still, filtered water with carbon dioxide before dispensing. Sparkling water dispensers are mostly used in households and commercial establishments such as amusement parks, hotels, restaurants, and sports arenas. A sparkling water dispenser has separate outlets for hot water and cold water. The hot water outlet does not require a separate filtration process. However, cold water is…
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…
