Pune, India -- (SBWIRE) -- 03/20/2018 -- Global Smart Home Market Research Report 2025," global smart home market is poised to surge exponentially in the coming years. Besides the rising disposable income of consumers, the market will highly benefit from the increasing internet penetration worldwide. Furthermore, the recent advancements in the Internet of Things (IoT) that resulted in price drops of processors and sensors will encourage manufacturers to promote automation in the household sector. In the last few years, the world witnessed extensive rise in Wi-Fi access facilitated by growth in IoT services. As these devices operate through wireless connectivity, the smart home market will be considerably facilitated by the introduction of high-speed internet. Moreover, the proliferation of Wi-Fi connectivity in the household sector, will aid in the expansion of the global smart home market.

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Smart Homes stood at US$ +30 bn in 2016. Rising at a healthy CAGR of +14 % from 2017 to 2025, the opportunity in this market is likely to touch US$ +96 bn by the end of 2025.

Smart meters enable end users to calculate their real-time energy consumption levels on a daily basis. They provide information regarding the use of energy at different times during the day, enabling them to take appropriate steps to cut down their energy costs. Thus, smart meters are expected to hold a major share of the smart home market by 2023. Advancements in electronics and communication technologies. Factors such as rising purchasing power and changing lifestyles of people are driving the demand for smart home appliances worldwide.

Some of the leading Key Players: Introduction, Honeywell International Inc., Siemens AG, Schneider Electric SE, Johnson Controls Inc., Samsung Electronics Co., Ltd., Legrand, ABB Ltd.

The introductory part of this research report discusses the market landscape in terms of market size and future market forecasts of the key national markets, which are North America, Europe, Asia-Pacific, Latin America, and the Middle East & African countries. The report analyzes and examines each of the aforementioned regional markets in terms of market size, demand drivers, restraints, ongoing trends, and competitive scenario.

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The report on the Global Smart Home Market addresses questions pertaining to the growth drivers, growth inhibitors, regulatory framework, and expansion opportunities that are likely to affect the industry as well as have an impact on its stakeholders. In order to present refined growth estimations for the market, the report includes advanced research techniques and contemporary research and development tools. The findings compiled in the report will help stakeholders in their industrial and financial planning, campaign modeling, and will also help them explore greener pastures for their business within the regions covered. The information will also help stakeholders monitor competitive trends prevailing in the market and make use of them in the formulation of future market strategies.

Having deliberated the growth drivers and manacles and offered a comprehensive segmentation of the market, the report goes on to investigate its competitive landscape. To do so, it leverages market-leading analytical tools to comprehend the opportunities and drawbacks that await players. It also throws light on the various strategies employed by companies in order to succeed. The report finds that the Global Smart Home Market is highly fragmented on account of the presence of a copious number of small and large vendors. In order to stay ahead of the curve, savvy players in the market are competing with one another on the basis of price and product features. They are expending money of innovation and are also focusing on service and support.