Press release
Smart Home Market - Industry Analysis, Top Trends, Drivers, Market Size, Share & Forecast 2022
According to the report by Arizton, the global smart home hub market will cross 3.9 million units, growing at a CAGR of 5.4% during the forecast period 2016−2022. The growth is primarily due to the adoption of smart or connected homes and high usage of connected devices.The whole concept of smart homes is changing. Several appliances and household equipment in homes are connected by cables and electric wiring, and there are wireless modes of communication. They can be controlled from remote places, using cell phones as terminals. Analysts at Arizton say that engrained digital knowledge among consumers will encourage the acceptance of smart home hubs in homes.
Increased penetration of broadband and internet and the high adoption of smart homes are the primary factors that are driving the growth of the market. North America is expected to remain the largest segment, whereas the low penetration of smart home hub in APAC and RoW will affect the market growth.
Order a report now for more information: https://www.arizton.com/market-reports/smart-home-hub-market
Major Vendors included in the report are as following:
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).
Scope of the Report
The report considers the present scenario of the global smart home hub market and its strategic assessment for the period 2017–2022. It includes a detailed study of growth drivers, trends, and restraints. The report also profiles the leading vendors in the market and other key vendors.
The market size includes the sale of smart home hubs used by individuals for the home purpose only. It excludes the revenue generated from the sale of smart voice-assistant speakers. The report differentiates smart hubs from smart voice-assistant speakers on the basis that smart hubs are compatible with a wide range of smart things as well as smartlight bulbs, switches, plugs, and outlets. Samsung SmartThings, LG SmartThinQ and Hub Robot, Wink Hub, and Vivint Hub are a few examples.
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:
Type
Rule-based
AI-integrated
Distribution Channels
Retail stores
Mass market players
Electronic stores
Online stores
Geography
APAC
Europe
North America
RoW
The report also includes a detailed study of major trends, drivers, and restraints for each region.
Increasing investment on IoT by vendors and rising push for digital economy to drive the global market.
Increasing number of connected devices in households, growing popularity of voice-first technology, increasing investment on IoT by vendors and rising push for digital economy in developing economies are the latest trends that the market is going to foresee. These emerging trends are going to boost the market during the forecast period. The report outlines and describes major trends, growth drivers, and restraint of the market.
Increased instances of voice searches, high penetration of broadband and internet connections, and high adoption of smart or connected homes are among the major factors providing the momentum for the growth of the market.
The online channel dominated the smart home hub market in North America compared to retail channels in 2016. However, retail sales would increase significantly during the forecast period due to increasing shelf-presence of these devices in retail stores such as Walmart, Target, and Best Buy.
Request a sample before purchase: https://www.arizton.com/market-reports/smart-home-hub-market
Key Sections Covered are
10 Smart Homes Overview
10.1 Introduction
10.2 IoT Specialized Network
10.2.1 Bluetooth
10.2.2 Zigbee
10.2.3 Z-Wave
10.2.4 Thread
10.2.5 Wi-Fi
10.2.6 Cellular
10.3 Opportunities in Connected Living Market
10.4 Market Development
10.5 Smart Device Ownership in Developed Countries
10.6 Smart Home Market by Key Country
10.6.1 US
10.6.2 UK
10.6.3 Germany
10.6.4 France
10.6.5 Italy
10.6.6 China
10.6.7 Other Prominent Countries
11 Global Smart Home Hub Market
11.1 Market Size And Forecast 2014-2015
11.2 Market Size And Forecast 2016−2022
11.3 Porter’s Five Forces Analysis
11.3.1 Threat Of New Entrants
11.3.2 Bargaining Power Of Suppliers
11.3.3 Bargaining Power Of Buyers
11.3.4 Threat Of Substitutes
11.3.5 Competitive Rivalry
12 Smart Home Hub Market By Distribution Channels
12.1 Market Overview
12.1.1 Manufacture, Production, And Distribution
12.1.2 Distribution Through Retail Stores
12.1.3 Distribution Through Online Websites
13 Smart Home Hub Market by Geography
13.1 Market Overview
14 North America: Smart Home Hub Market
14.1 Historical Market Size 2014−2015
14.2 Market Size and Forecast 2016−2022
14.3 Key Countries
14.4 Leading Trend, Enablers, And Restraint
15 Europe: Smart Home Hub Market
15.1 Historical Market Size 2014−2015
15.2 Market Size and Forecast 2016−2022
15.3 Key Countries
15.4 Leading Trend, Enablers, And Restraint
16 APAC: Smart Home Hub Market
16.1 Historical Market Size 2014−2015
16.2 Market Size and Forecast 2016−2022
16.3 Key Countries
16.4 Leading Trend, Enablers, And Restraint
17 RoW: Smart Home Hub Market
17.1 Historical Market Size 2014−2015
17.2 Market Size and Forecast 2016−2022
17.3 Key Countries
17.4 Leading Trend, Enablers, And Restraint
18 Competitive Landscape
18.1 Competition Overview
18.2 Market Ranking Analysis
18.3 Market Structure And Mapping Of Competition
18.3.1 Herfindahl-Hirschman Index
19 Key Company Profiles
19.1 Flex (Wink Labs)
19.1.1 Business Overview
19.1.2 Flex (Wink Labs) In Smart Home Hub Market
19.1.3 Major Product Offerings
19.1.4 Key Strategies
19.1.5 Key Strengths
19.1.6 Key Opportunities
19.2 LG Electronics
19.2.1 Business Overview
19.2.2 LG Electronics In Smart Home Hub Market
19.2.3 Major Product Offerings
19.2.4 Key Strategies
19.2.5 Key Strengths
19.2.6 Key Opportunities
19.3 Samsung Electronics
19.3.1 Business Overview
19.3.2 Samsung Electronics In Smart Home Hub Market
19.3.3 Major Product Offerings
19.3.4 Key Strategies
19.3.5 Key Strengths
19.3.6 Key Opportunities
20 Other Prominent Companies
View details: https://www.arizton.com/market-reports/smart-home-hub-market
About Arizton Advisory & Intelligence
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize foolproof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-465-7864
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