Falling price of smart sensors, rising IoT adoption, rising consumer spending, and rising demand for energy optimization


DUBLIN, January 13, 2022 /PRNewswire/ — The “Global Smart Home Market: Size, Trends and Forecast (2022-2026 Edition)” report has been added to from ResearchAndMarkets.com offer.

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The Global Smart Home Market report provides an in-depth analysis of the global smart home market, with detailed analysis of market size and growth.

Smart homes are advanced residential buildings which are installed with technically advanced features such as smart TV, smart light, smart appliances, smart security, etc. The technology allows people to control many automated home devices through software commands remotely, improving home comfort and security.

The smart home is built by the integration of various components such as power management unit, microcontroller/microprocessor unit, software applications, firmware, smart sensors and many other components. Moreover, the smart home provides the user with different benefits such as hassle-free system, cost effectiveness, ease of use, privacy protection, entertainment, etc.

The global smart home market has perceived gradual growth over the past few years and the market is further predicted to rise at an increasing growth rate over the forecast period (2022-2026). The growth of the global smart home market would be supported by numerous growth drivers such as declining price of smart sensors, surging adoption of Internet of Things (IoT), accelerating business of construction, the increase in the number of Internet users, the growth of consumer spending, the growing demand. for energy optimization, increasing urbanization, etc.

However, the growth of the global smart home market would be negatively affected by various challenges. Some of the major challenges facing the market are high installation costs and intolerable threats. While the growth of the market would be driven by different market trends such as evolution of cloud technology, rise of artificial intelligence technology, growth of smart speaker installations, rise of machine-to-machine communication technology, etc.

Moreover, the report also assesses the major opportunities in the market and outlines the factors that are and would be driving the growth of the industry. The growth of the Global Global Smart Home has also been forecasted for the years 2022-2026, considering previous growth patterns, current and future growth drivers and trends.

Major players dominating the smart home market are Amazon.com Inc., Alphabet Inc., ABB Ltd. and Assa Abloy AB. All four companies have been featured in the report providing a detailed analysis of their business strategies.

Main topics covered:

1. Summary

2. Presentation
2.1 Smart home: an overview
2.1.1 Advancement of smart home
2.2 Components to build a Smart Home gateway
2.3 Smart home offerings and system components: an overview
2.4 Customer Expectation of Smart Home: An Overview
2.5 Advantages and disadvantages of the smart home

3. Global Market Analysis
3.1 Global Smart Home Market: An Analysis
3.1.1 Global Smart Home Market by Value
3.1.2 Global Smart Home Market by Volume
3.1.3 Global Smart Home Market by Application (Smart Products, Security Monitoring, Home Healthcare, Lighting, Energy Conservation and Others)
3.1.4 Global Smart Home Market Volume by Application (Smart Products, Security Monitoring, Home Healthcare, Lighting, Energy Conservation and Others)
3.1.5 Global Smart Home Market by Communication Network (Wireless Communication Network and Mobile Communication Network)
3.1.6 Global Smart Home Market Volume by Communication Network (Wireless Communication Network and Mobile Communication Network)
3.1.7 Global Smart Home Market by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa)
3.1.8 Global Smart Home Market Volume by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa)
3.2 Global Smart Home Market: Application Analysis
3.3 Global Smart Home Market: Communication Network Analysis

4. Regional Market Analysis
4.1 North America Smart Home Market: An Analysis
4.1.1 North America Smart Home Market by Value
4.1.2 North America Smart Home Market Value by Applications
4.1.3 North America Smart Home Market by Volume
4.1.4 North America Smart Home Market Value by Communication Network
4.2 Europe Smart Home Market: An Analysis
4.3 Asia Pacific Smart Home Market: An Analysis
4.4 Middle East and the smart home market in Africa: an analysis
4.5 Latin America Smart Home Market: An Analysis

5. Market dynamics
5.1 Drivers of growth
5.1.1 Falling price of smart sensors
5.1.2 Increasing Adoption of Internet of Things (IoT)
5.1.3 Acceleration of construction activities
5.1.4 Increase in the number of Internet users
5.1.5 Increase in consumer spending
5.1.6 Increasing demand for energy optimization
5.1.7 Growing urbanization
5.2 Challenges
5.2.1 High installation cost
5.2.2 Intolerable Threats
5.3 Market trends
5.3.1 Cloud technology
5.3.2 Booming Artificial Intelligence Technology
5.3.3 Growth of Smart Speaker Installation
5.3.4 Machine-to-machine (M2M) communications

6. Competitive landscape
6.1 Global Smart Speakers Sales Market Share by Players

7. Company Profiles
7.1 Company Overview
7.2 Business strategy

  • Amazon.com Inc.

  • Alphabet Inc.

  • ABB Ltd.

  • Assa Abloy AB

For more information on this report, visit https://www.researchandmarkets.com/r/dnhy27

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