Smart Home Market: Industry Analysis, Global Trends, and Forecast to 2025

The report titled “Smart Home Market” sheds a concentrated focus on the Smart Home industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.

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The Global Smart Home Market size is expected to grow from USD 78.3 Billion in 2020 to USD 135.3 Billion by 2025, at a CAGR of 11.6% during the forecast period.

Top Companies Profiled in the Smart Home Market:

  • Johnson Controls International (Ireland)
  • United Technologies Corporation (US)
  • Schneider Electric (France)
  • Honeywell International, Inc. (US)
  • Siemens AG (Germany)
  • Amazon, Inc. (US)
  • Apple Inc. (US)
  • Google (US)
  • ADT (US)
  • Robert Bosch GmbH (Germany)
  • ASSA ABLOY (Sweden)
  • ABB (Switzerland)
  • Legrand S.A. (France)
  • Samsung Electronics Co., Ltd. (South Korea)
  • Delta Control (US)
  • Sony (Japan)
  • Control4 Corp. (US)
  • Vivint (US)
  • Axis Communication AB (Sweden)

“Entertainment and other control systems are likely to hold the largest share of the smart home market in 2020.”

Entertainment has become an important part of life as it provides relaxation and rejuvenation. A multi-room entertainment control system allows the user to centralize all connected devices and then listen to, watch, and control that equipment from every room in the house simultaneously or independently.

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“Behavioral type software and services are expected to account for the largest market share in 2020.”

The increasing connectivity between machine-to-machine solutions and the Internet of Things is driving the growth of the smart home and energy management markets, which has, in turn, influenced the growth of the market for software and services for smart homes. The behavioral type software and services help analyze energy-related data and forward it to end-users.

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