Global Smart Home Market Share, Size, Analysis Report, CAGR Status, Industry Trends 2022, Future Outlook, Forecast to 2027: SPER Market Research
According to SPER Market Research analysis, the global smart home market will bolster the growth in demand because of the security measures, entertainment, authentication, and low carbon emission-oriented solution.
Traditional home systems were designed to function with little connection. Users were also restricted to operating systems inside a specific range. The growth of innovative home technology, on the other hand, is opening up a world of possibilities. It has used the connection to provide owners with remote access to their houses. According to Investopedia, there are an estimated 175 million smart homes globally.
Smart Home Market Overview (2022-2027):
- Forecast CAGR (2022-2027): 13.6%
- Forecast Market Size (2027): USD 145.5 Billion
The smart home market is growing due to urbanization, and people want everything to be done by automation and in a centralized manner where they can control everything through sensors or remote controllers.
Impact of Covid-19 on the Smart Home Market:
COVID-19 has disrupted daily life and prompted individuals, organizations, and governments to change their policies, objectives, and activities. These advances are stimulating technical improvement and creativity. However, the home automation industry has grown rapidly in recent years, aided in part by COVID-19 and the fact that people have been forced to spend more time in their homes due to lockdown restrictions. As a result, the sector has seen an increase in the number of vendors.
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Global Smart Home Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
- Lighting Control
- Security & Access Control
- Smart Speaker
- Home Healthcare
- Smart Kitchen
- Home Appliances
- Smart Furniture
- North America
- Asia Pacific
- South America
- Middle East & Africa
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Global Smart Home Market Key Players:
The Global Smart Home Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; ADT, Robert Bosch GmbH, ASSA ABLOY, ABB Ltd., Ingersoll-Rand PLC, ABB, S.A., GE, Comcast Corp., Other Prominent Players.
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Smith Williams, Business Consultant – USA