Connected Homes Market Statistics, Trends, Analysis, Size and Growth Factors by 2032 | Top Key Players – Ericsson AB, Schneider Electric Se, Siemens AG, ABB Ltd.
The connected home market refers to the market for products and services that enable homes to be connected to the Internet and controlled remotely through smart devices. These products and services include smart thermostats, smart lighting, smart security systems, and smart appliances, among others.
One of the main drivers of the connected home market is the increasing prevalence of the Internet of Things (IoT). The IoT refers to the interconnectedness of devices, such as smart devices, that are able to communicate with each other and exchange data over the Internet. The proliferation of the IoT has made it possible for homes to be connected to the Internet and controlled remotely through smart devices, which has in turn led to the growth of the connected home market.
Other factors contributing to the growth of the connected home market include the increasing demand for energy efficiency, the increasing focus on home security, and the growing trend of home automation. As more and more people seek to automate their homes and make them more energy efficient, the demand for connected home products and services is likely to continue to grow.
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In this analytical research report titled “Connected Homes Market: Global Industry Analysis (2012-2016) and Forecast (2017-2026)”, Persistence Market Research has covered every facet of the connected home market that is influencing its growth. Various trends, developments, drivers and challenges have been analyzed that are impacting the expansion of the connected home sector and this analysis is carried out across different regions in the globe giving the research an all-inclusive angle. The global connected home market is projected to grow at a high CAGR of 14.2% during the period of forecast to touch a significant market valuation by the end of the year of assessment (2026).
Global Connected Homes Market: Dynamics Impacting Growth
There are several aspects that are responsible for the meteoric growth of connected homes market. Factors such as rising consumer needs and desire for convenience purpose, increasing need for security and safety by the user, rising innovations in touch screens and sensors from a technology standpoint, rising widespread connectivity and benefits such as energy efficiency and optimization in consumption of energy are boosting the growth of the global connected homes market. However, challenges like high cost, lack of awareness and complex installations are hindering the growth of the global market for connected homes.
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Table of Content
1. Global Outlook
2. Global Connected Homes Market – Executive Summary
3. Global Connected Homes Market Overview
3.1. Introduction
3.1.1. Global Connected Homes Market Taxonomy
3.1.2. Global Connected Homes Market Definition
3.2. Global Connected Homes Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Connected Homes Market Y-o-Y Growth
3.3. Global Connected Homes Market Dynamics
3.4. Value Chain
3.5. Competition Analysis
3.6. Connected Homes Users
3.7. Competitive Landscape
3.8. Top 3 Buying Factors & Features
3.9. Key Participants Market Presence (Intensity Map) By Region
3.10. Type of Buyers
3.11. Users Purchase Channel
3.12. Average Payments by Home User
Global Connected Homes Market: Segmental Snapshot
The global connected homes market is segmented on the basis of functionality, by platform, by component, by type of homes and by region.
- By region, the North America region is expected to showcase higher market attractiveness in the coming years. The connected homes market in North America is estimated to reach a higher market valuation by the end of the year of assessment. However, Latin America is projected to grow at the highest CAGR during the forecast period
- By functionality, the smart appliances segment reflects higher potential during the forecast period. This segment is also likely to dominate the global market
- By component, professional services segment is the fastest growing segment. However, the security solution segment reflects higher valuation owing to increased adoption and is the largest segment
- By platform, laptops and smartphones segments both showcase high attractiveness and are expected to reflect similar market strength. However, the laptops segment is a shade higher than smartphones segment in terms of value. The other platforms segment is expected to grow at a comparatively higher CAGR
- By type of homes, villa/bungalow segment is estimated to reach a value higher than US$ 70 Bn by the end of the assessment year and is expected to lead the global market for connected homes by presenting huge growth opportunities
Global Connected Homes Market: Competitive Landscape
The research report on global connected home market covers intelligence on key companies such as
- Ericsson AB
- Schneider Electric Se
- Siemens AG
- ABB Ltd.
- Honeywell International, Inc.
- General Electric Company
- United Technologies Corporation
- Johnson Controls, Inc.
- Legrand S.A.
- Samsung Electronics Co., Ltd.
- Others
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Published Fri, 16 Dec 2022 00:41:57 -0600
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