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Smart Homes Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Smart Homes Market: Industry Facts, Figures, Size, Share and Segment Analysis by 2016-2024


Sarasota, FL -- (SBWIRE) -- 01/17/2017 -- Zion Market Research published new report on "Smart Homes Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024" in it's database

Global Smart Homes Market: Overview

The smart home is a modified residential place employed with the control and automation of applications such as air conditioning, lighting, security, heating and much more. In addition, other applications such as refrigerators and dryers by using Wi-Fi for remote monitoring are also involved. Smart homes market is the adoption of the easily deployable cross-vertical industry solutions, subsidizing pricing of modems and gateways, bundled cloud-based platforms, and low bandwidth pricing. However, increasing the popularity of smart homes is mainly owing to window sensors, light control, door lock controls, and thermostats that provide safety and comfort for the optimal use of energy. In such a busy lifestyle, timesaving alternatives are a better-suited option rather than operating manually.

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Global Smart Homes Market: Growth Factors

The increasing acceptance of the 4G for IoT for communications may drive the global smart homes market in future. The major driver of the global market is the introduction of high-speed 4G and LTE wireless networks. The penetration of Wi-Fi in the residences further boosts the growth of the global smart homes market. Due to increasing threat from thieves and terrorists, the need for security and effectual monitoring has risen; this is fueling the growth prospects of smart homes market. Growing concern of the people for energy conservation is anticipated to foster global smart homes market growth. Moreover, owing to increasing geriatric population, the need for safe and easy control is expected to enhance adoption of smart technologies for smart homes. Further, increasing per capita income across the world also encourages the growth of the global market.

Global Smart Homes Market: Segmentation

The global smart homes market is classified on the basis of product, protocol & technologies used software and service, and geography. The product segment is categorized as entertainment control, lighting control, smart kitchen, HVAC control, security & access control, home healthcare, and others. Moreover, the protocol & technologies segment is further divided into protocols & standards, network technologies, and wireless communication technologies. The software and service segment is further bifurcated as proactive, and behavioral. Furthermore, the geography is fragmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Global Smart Homes Market: Regional Analysis

North America is the dominating region in the global smart homes market trailed by Europe. In addition, the government support to control power meters remotely, gas, and water is anticipated to propel the global market growth. However, developing nations such as Korea, India, China, and Japan, are emerging as lucrative markets for smart homes and show higher growth in the coming years.

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Global Smart Homes Market: Competitive Players

Major players dominating the global smart homes market are Staples Connect, Philips Hue, SmartThings, and Revolv.

Global Smart Homes Market: Regional Segment Analysis

North America
Asia Pacific
Latin America
The Middle East and Africa

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What Report Provides

Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market.

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