Smart Home Market Size, Share, Growth, Trends, Scope and Forecast 2020 to 2030

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Sep 18, 2020 (Profound via COMTEX) —
A new study on the global Smart Home Market has been published by Insight Slice. It presents a wealth of information on key market dynamics, including the drivers, market trends, and challenges, as well as the structure of the global Smart Home market. The study offers valuable information about the global Smart Home market to illustrate how the market would grow during the forecast period 2020 – 2030. The report provides the value and volume of the global Smart Home market for the period 2020ndash;2030, considering 2019 as the base year and 2030 as the forecast year. The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments and sub-segments included in the scope of the study.

Key indicators of market growth, which include value chain as well as supply chain analyses, and Compound Annual Growth Rate (CAGR), are elucidated in the study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global Smart Home market during the forecast period.

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An extensive analysis on business strategies of leading market players is also featured in study on the global Smart Home market. This can help readers understand principal factors to foresee growth in the global Smart Home market. In this study, readers can also find specific data on the qualitative and quantitative growth avenues for the global market, which is expected to guide market players in making apt decisions in the future.

The report also delves into the competition landscape of the global Smart Home market. Key players operating in the global market have been identified, and each one of these has been profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players profiled in the global market report.

Key Players

Major players active in the global smart home market include ABB,, Inc., AMX LLC, Apple Inc., Axis Communication AB, Control4 Corporation, Crestron Electronics, Inc., Emerson Electric Co., Google LLC, Honeywell International Inc., Ingersoll-Rand PLC, Legrand S.A., Legrand S.A., Legrand, LG Electronics, Lutron Electronics, Inc., Robert Bosch GmbH, Samsung, Schneider Electric, Siemens AG, Sony Corporation, and Tyco International plc.

Key Questions Answered in Smart Home Market Study

– What are the key factors influencing the Smart Home market in each region?

– What will be the CAGR of the global Smart Home market between 2016 and 2030?

– What is the future scope and changing trends in technologies in the global Smart Home market?

– Which factors will impede the growth of the global Smart Home market during the forecast period?

– Which are the leading companies in the global Smart Home market?

– Which region is set to expand at the fastest CAGR during the forecast period?

– What is the volume (Units) of different Smart Home across all regions during the forecast period?

– Which segment will have the highest revenue globally in 2030 and which segment will expand at the fastest CAGR during the forecast period?

Research Methodology

A unique research methodology has been utilized by precedence research to conduct a comprehensive research on the growth of the global Smart Home market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary sources referred to by analysts during the production of the global Smart Home market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from Smart Home industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making precedence research estimates on the future prospects of the global market more reliable and accurate.


The global smart home market is segmented based on component and geography. Based on component, the global smart home market is segmented into solutions and services. The solutions segment is further segmented into security, lighting, entertainment, energy management, HVAC, smart appliances, others. The security segment is sub-segmented into video surveillance systems and access control systems. The lighting segment in segmented into light sensors, occupancy sensors, switches, dimmers, and others. The HVAC segment in sub-segmented into smart thermostats, smart vents, dampers and actuators, and others.The smart appliances segment is sub-segmented into smart refrigerator, smart ovens, smart coffee makers, smart dishwashers, and others. Based on geography, the global smart home market is segmented into North America, Europe, Asia Pacific, Middle East amp; Africa, and South America.

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About Us

We are a team of research analysts and management consultants with a common vision to assist individuals and organizations in achieving their short and long term strategic goals by extending quality research services. The inception of insightSLICE was done to support established companies, start-ups as well as non-profit organizations across various industries including Packaging, Automotive, Healthcare, Chemicals amp; Materials, Industrial Automation, Consumer Goods, Electronics amp; Semiconductor, IT amp; Telecom and Energy among others. Our in-house team of seasoned analysts hold considerable experience in the research industry.

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