Smart Home Market Business Growth Demand, Overview, Competitive Strategies
The Global Smart Home Market Research Report added by Emergen Research to its expanding Here is a comprehensive document with insightful information on the Smart Home market and its essential components. In order to provide precise projections of the Smart Home market in the upcoming years, the research evaluates historical data and the current situation. By 2028, the report estimates that the market for smart homes would be worth USD 184.10 billion, increasing at a steady CAGR of 11.9%.
Google revealed in August 2020 that it had acquired a stake in the alarm business ADT and had also agreed to connect ADT’s installation network to its ecosystem of smart home goods. The agreement is anticipated to benefit both parties. It will benefit Google by enabling professional installers to resell and install Google goods in consumers’ homes, and it will benefit ADT by providing it with a more affordable security option.
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North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report further divides the Smart Home market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Smart Home market.
Key players in the market include Honeywell, Siemens, Johnson Controls, Schneider Electric, Amazon, Apple Inc., ADT Security Services, Robert Bosch, Assa Abloy, and ABB.
Consumers are increasingly adopting smart home systems as these allow monitoring and control of energy usage more efficiently. Home automation systems allow homeowners to control their appliances with the help of smartphone apps and eliminate power consumption of unattended appliances and devices when not in use.
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Emergen Research has segmented the global smart home market on the basis of software and service, product, and region:
Software and Service Outlook (Revenue, USD Billion; 2018–2028)
Product Outlook (Revenue, USD Billion; 2018–2028)
- Energy Management
- Lighting Systems
- Security & Surveillance
- HVAC Control
- Entertainment Control
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Smart Home market?
What are the key product types and applications of the Smart Home industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Smart Home market?
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