Portland, OR -- (SBWIRE) -- 01/05/2018 -- Smart Homes Market Overview:
The global smart homes market is expected to grow at a CAGR of 15.2% from 2017 to 2025.
Smart home is the term generally used to define a house that uses a home controller to incorporate the house's several home automation systems. Smart home technology is a combined term for information- and communication technology (ICT) as used in houses. Smart home technology involves variety of different engineering challenges, including software programing, PCB design, Wi-Fi, TCP/IP protocols, Web Server logic design, and other aspects. Home monitoring cameras and connected door locks are among the most popular devices in a smart home.
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Based on product type, the market is segmented into lighting control, HVAC control, security and access control, smart kitchen, and entertainment & other controls. Based on technology, the market is classified into bluetooth, zigbee, radiofrequency identification, GSM/GPRS- cellular technology, Wi-Fi technology, and computing technologies. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Keep energy levels down while providing more automated applications.
Personal and family security.
High upfront investment required for well-integrated smart technologies.
The top players in the global smart homes market include Cisco Systems, Inc., Control4 Corporation, Leviton MFG. Company Inc., Schneider Electric SA, Siemens Building Technologies, United Technologies Corporation, Honeywell Scanning & Mobility, Smarthome, Inc., Emerson Electric Co., and LG Electronics Inc.
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By Product Type
Security and Access Control
Entertainment & Other Controls
GSM/GPRS- Cellular Technology
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA