Smart home refers to the home with control of all types of home appliances and other domestic features using local networking or by remote control. Smart home market is expected to increase with the increasing awareness of protection and security from theft and energy saving. Growing technology adoption and rising awareness among people of developed nation is one of the major reason for its dominance in the North America market followed by Europe and Asia Pacific region.
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The report aims to provide an overview of global smart home market with detailed market segmentation by product, solution and geography. The global smart home market is expected to witness high growth during the forecast period. Awareness among people for low power consumption and remote access to home appliances is expected to propel the demand for smart home.
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The objectives of this report is as follows:
- To provide overview of the global smart home market
- To analyze and forecast the global smart home market on the basis of product and solution
- To provide market size and forecast till 2025 for overall smart home market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries
- To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend
- To provide exhaustive PEST analysis for all five regions
- To profiles key smart home players influencing the market along with their SWOT analysis and market strategies
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Some of the leading players in smart home market are ABB Ltd., Johnson Controls Inc., Honeywell International Inc., Schneider Electric SE and Siemens AG, Emerson Electric Company, Fanuc Corporation, General Electric Company, Rockwell Automation and Yokogawa Electric Corporation
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