The Smart Home Market is a synopsis to the study of ICT industry and the report also provides valuable insights about the leading drivers, upcoming trends, applications and challenges, determined by our Experts. SWOT analysis is the method to tell any market’s strengths and weaknesses (i.e. drivers and restrains) so that you know on what to stick and what to avoid, this report not only consists SWOT analysis but also provides with the CAGR value fluctuation on the Forecast period of 2018-2025. The various advantages offered by the Smart Home Market is driving the growth of the market. Our research analysts have identified the technological advancements and features as one of the primary factors that will trigger the growth of the Smart Home Market in the coming years. The Smart Home Market vendors are focusing on developing advanced innovative products that meet the demand in the market.
The global smart home market is expected to reach USD 55.7 billion by 2025, from USD 25.3 billion in 2017 growing at a CAGR of 16.8% during the forecast period of 2018 to 2025.
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Well known players of Smart Home Market are Siemens, GE, Schneider Electric, Honeywell, SAMSUNG, Lutron Electronics, Johnson Controls, Emerson, LIFX Among, Ingersoll Rand, Legrand, Acuity Brands, Leviton, Vivint Smart Home, Sleep Number Corporation, Switchmate Inc., LIFX, Crestron Electronics, ABB, Cisco, IBM, Control4, Leviton, United Technology Corporation, Siemens Building Technologies, Smarthome, Smart Home Systems Inc, smart home SA, LG Electronics Others
Based on application, the global smart home market is classified into
- lighting control,
- security and access control,
- HVAC control,
- entertainment and other controls,
- home healthcare,
- Smart kitchen and home appliances.
On the basis of software & service, the global smart home market is segmented into
- Behavioural and Proactive.
Based on geography, the global smart home market report covers data points for 28 countries across multiple geographies namely
- north America & south America,
- Asia-pacific and,
- middle east & Africa
Some of the major countries covered in this report are the U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis of Global smart home market
The global smart home market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart home market for global, Europe, North America, Asia Pacific and South America.
Scope of Market
- It helps in making informed business decisions by having complete insights of SMART HOME market and by in-depth analysis of market segments
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- Analysis of the various growth opportunities in the Global SMART HOME for stakeholders and to provide details of competitive landscape for significant players
- Competitive Analysis of the top Competitors operating in the market space along with analyzing the latest trends and business strategies used by various Companies.
- Growth of the Global SMART HOME industry across various geographies such as the North America Europe, Asia-Pacific, South America and Middle East & Africa.
- Key points related to the focus on SMART HOME market like product definition, variety of application, Revenue and demand and supply statistics.
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