Press release
New Research Report Explore Smart Home Solutions Market Expected to Reach a Value of US$ 13,394.4 Mn by 2025
MRRSE
Request to view Sample Report @ https://www.mrrse.com/sample/4259
Persistence Market Research predicts a 4.4x increase in revenue of the global smart home solution market during the 2017-2025 timeline
The global smart home solution market is expected to witness high revenue growth during the forecast period. This growth is attributed to the increasing inclination towards conserving energy, globally. The growth of the smart home solution market is linked with the growth of smart cities. The growth of smart cities on a global basis is expected to rise significantly as various government organizations in different countries are taking several steps to develop smart cities. Moreover, the rising use of IoT (Internet of Things) and smart technology is helping various countries to adopt the smart city concept. With the development of smart cities, new construction will take place that can lead to the growth of the smart home solution market at a global level.
An increase in government spending on smart cities, and the emergence of the smart cities concept, together, led to a surge in the demand for the construction of smart buildings. This increase in the number of smart buildings is expected to increase the demand for energy saving infrastructure, such as smart home solutions, thus contributing to the growth of the smart home solution market at a global level.
Forecast analysis of the global market
Understanding various scenarios of the global smart home solution market, Persistence Market Research has underlined various facets of the global market in its recent research report. The analysis reflects the growth path of the smart home solution market and the various aspects contributing to its expansion. The global smart home solution market, according to Persistence Market Research, is expected to grow at an exponential level and register a huge CAGR of 20.4% throughout the period of forecast. The global smart home solution market is valued at around US$ 37.2 Bn in 2017 and by the end of the assessment year (2025) it is anticipated to reflect a huge revenue of more than US$ 164 Bn. To name a few factors responsible for this meteoric 4.4x jump in revenue of the global smart home solution market, they include benefits such as reduction in energy consumption, enabling cost savings, emerging technologies in smart homes, increasing demand for integrated security and monitoring services and growing demand for smart TVs.
Browse Full Report with TOC @ https://www.mrrse.com/smart-home-solutions-market
Service segment to gain a lion’s share in the global smart home solution market
The service segment in the component category is expected to showcase higher market share in the coming years. This segment dominated the global market in the past and is predicted to account for a lion’s share by the end of the year of assessment. In 2017, this segment reflected a value of more than US$ 13 Bn and is expected to reach a value of above US$ 62 Bn by the end of the year of assessment. Moreover, this segment is projected to grow at a high CAGR of more than 20% during the forecast period thus reflecting high growth potential for the expansion of the overall market.
Managed services sub segment of the service segment is expected to highly contribute to the growth of the parent segment. The managed services sub segment dominates the market with a high value share as well as high growth rate. This sub category is projected to grow at a CAGR of 21.5% during the assessment period to reach a high market valuation by the end of the year of assessment.
Enquire about this Report @ https://www.mrrse.com/enquiry/4259
About (MRRSE)
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
Contact Us
State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/
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 New Research Report Explore Smart Home Solutions Market Expected to Reach a Value of US$ 13,394.4 Mn by 2025 here
News-ID: 916763 • Views: …
More Releases from Market Research Reports Search Engine - MRRSE
Global Video Event Data Recorder Market: Industry Analysis and Opportunity Asses …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Video Event Data Recorder Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
To Get Sample Report @ https://www.mrrse.com/sample/2941
The global video event data recorder (VEDR)…
Global Octabin Market key Insights Based On Product Type, End-use and Regional D …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Octabin Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Get Sample Report with More Info @ https://www.mrrse.com/sample/16143
Packaging solutions for bulk cargo are gaining fast…
Global Ion Beam Technology Market Examines Latest Trends and Key Drivers Support …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled“Global Ion Beam Technology Market”to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Click here – Request Sample Report @ https://www.mrrse.com/sample/3126
Application of ion beam was rarely found…
Cash- in Transit Bags Market 2025 | Global Key Players: TruSeal (Pty) Ltd, Harco …
This report on the Global Cash-in Transit Bags Market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, and policies and regulations which are expected to influence the cash-in transit bags market growth during the said period.…
More Releases for Persistence
Persistence Innovation To Replenish The Security Analytics Market
Security Analytics Market 2022-2031
New Study Reports "Security Analytics Market 2022 Global Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2031" has been Added on PMR.
Market Overview
In the past few years, The primary focus of the report is on the status, demand, future opportunity, forecast period, and growth opportunity. Moreover, the survey report focuses on the development, manufacturing companies, key market, investors, and the cost capital. The objective of…
Persistence Innovation To Replenish The Guacamole Market
The global guacamole market is set to rise at a CAGR of around 7% through 2031, to be valued at US$ 2.3 Bn, with demand for organic guacamole rising faster across geographies. Rising awareness about environmentally stable cultivation practices and the need for natural and nutritious foods are steadily creating demand for organic-labeled foods. Guacamole is no exception to this, even though the market share is less as compared to…
Persistence Innovation To Replenish The Bulgur Market
Persistence Market Research has analyzed various facts associated with bulgur market from a global standpoint and has skilfully presented them in its new research publication titled "Bulgur Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)". The comprehensive research report on bulgur market covers several trends, opportunities, drivers as well as challenges or restraints that have a direct influence on the growth of the global market for bulgur. All these…
Persistence Innovation To Replenish The Emulsifiers Market
The demand for processed food has increased owing to the rise in urbanization, this is thus driving the demand for various food ingredients. An emulsifier with one oil-friendly and one water-friendly end is known to improve the appearance of the food. Emulsifier manufacturers are witnessing increased demand from the food industry, in order to preserve taste, offer safety and maintain the texture of the processed foods. Increasing number of food…
Persistence Innovation To Replenish The Foodservice Packaging Market
A gradual shift from the tradition of cooking food at home toward buying ready-to-eat food has increased the rate of online food ordering, globally. Foodservice packaging processes require much less energy, owing to the recycled material used for manufacturing. Studies have concluded that packed solutions come at a low price and occupy 35% less space in any retail sector. Furthermore, packaging solutions come with various striking graphics, which, in turn,…
Persistence Innovation To Replenish The Banana Flour Market
Celiac disease is a chronic digestive disorder that originates from a reaction to gliadin, a gluten protein found in wheat, barley, rye, and oats. It results in inflammation and destruction of the inner lining of the small intestine, and can also lead to malabsorption of minerals and nutrients. A gluten-free diet helps in the treatment of celiac disease. With a growing market for gluten-free foods and ingredients, proliferation of new…
