MarketsandMarkets report, "Smart
Home Market by Product (Lighting
Control, Security & Access Control, HVAC, Entertainment, Smart Speaker, Home
Healthcare, Smart Kitchen, Home Appliances, and Smart Furniture), Software
& Services, and Region - Global Forecast to 2024", the overall smart home market is expected to grow from USD 76.6
billion in 2018 to USD 151.4 billion by 2024, at a CAGR of 12.02%.
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The need for energy-saving and low carbon emission solutions; cost
reduction measures enabled by smart homes; rapid proliferation of smartphones
and smart gadgets; existence of various market players focusing on expanding
their smart home product portfolios; and widespread concern about safety,
security, and convenience.
Highlights
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·
The market for smart speakers is likely to grow at a high rate
during the forecast period”
·
“The market for proactive type software and services to grow at a
higher rate during the forecast period”
·
“The smart home market in APAC is expected to grow at a high rate
during the forecast period”
·
The smart home market is currently dominated by
Johnson Controls International (Ireland), United Technologies Corporation (US),
Schneider Electric (France), Honeywell International, Inc. (US), and Siemens AG
(Germany).
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Browse 100 market data
Tables and 65 Figures spread through 255 Pages and in-depth TOC on "Smart Home Market - Global Forecast to 2024"
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