Global Smart Home-Final Market Threats, Analysis, Key Players, Growth, and Forecast 2026

North America accounts for largest revenue share contribution to the global smart home market

Smart home – also known as home automation or home domotics – entails automating or controlling of lighting and other such fixtures, heating, ventilation, air conditioning, and security systems, as well as home appliances such as washer/dryers, ovens and refrigerators/freezers via Wi Fi, Bluetooth, and other Apps. These systems and appliances are then operable using connected devices such as mobile phones, tablets, computers or via web interface software. Smart home technology enables compatibility and interaction through computing technological devices that predict and respond to requirements of the home owner in an effective and efficient manner. Fingerprint identification, retina identification, and key card technology are some of the security-enabled systems used in smart home applications.

Growing awareness among consumers about efficient energy consumption, and increasing disposable income among consumers in developed and developing countries are some of the primary factors driving growth of the global smart home market. Increasing Internet penetration globally, and growth in automation technologies such as internet of thing (IoT) are other major factors driving growth of the global smart home market. Investments done by players in the smart home market for development and promotion of home automation products act as a primary driver for growth of this market. In addition, smart home technology has been gaining popularity among consumers and is further expected to drive growth of the global smart home market to a certain extent over the forecast period. Also, increasing penetration of smartphones in developing and underdeveloped countries is expected to continue to drive growth of the target market to a significant extent over the forecast period.

Some major factors restraining growth of the global smart home market include high cost for installation of smart home systems and devices. Possibility of hacking smart home devices and increasing concerns regarding privacy and security breaches are other major factors hampering growth of the global smart home market.

The global smart home market is segmented on the basis of product type, software, and region.

North America accounts for largest revenue share contribution to the global smart home market currently. This is attributed to factors such as increasing demand for reliable home energy management systems, enhanced home security levels, and growing popularity of integration of smart devices such as tablets and smartphones in smart home solutions. The market in Asia Pacific is expected to witness fastest revenue growth among other regions in the global smart home market due to robust economic growth, increasing population, improving standards of living, and rapid urbanization.

Global smart home market segmentation by software:

 	
Behavior
 	
Proactive

Global smart home market segmentation by product:

 	
Smart Kitchen
 	
Security & Access Control
 	
Lighting Control
 	
Home Healthcare
 	
HVAC Control
 	
Others

Global smart home market segmentation by region:

 	
Europe
 	
North America
 	
Asia Pacific
 	
Latin America
 	
Middle East & Africa

Key players profiled in the global smart home market include: 

 	
Legrand
 	
Siemens AG
 	
Johnson Controls Inc.
 	
Ingersoll-Rand plc
 	
Schneider Electric SE
 	
Acuity Brands, Inc.
 	
ABB Ltd.
 	
United Technologies Corporation
 	
Samsung Electronics Co., Ltd.
 	
Nest Labs

Report Structure:

In the first section of the report we offer a table of content, followed by a list of figures. The next section offers a definition and brief explanation of the various products and segmentation of the target market, along with a list of acronyms and sources used to gather and analyze data and information.

The third section of the report entails a brief list of drivers, restraints, opportunities, and threats (DROTs) in the target market. The report also offers insights on various trends in regions, countries, and markets as per segmentation, as well as insights and crucial information obtained from various sources including primary and secondary, annual reports, the Internet and others.

The final section comprises detailed profiles of key players in the target market and a SWOT analysis of each company, apart from strategies, acquisitions and mergers.

Objective of Report:

Sections of the report are created and designed specifically to offer readers a clear, clean, and insights into historical, estimated, and revenue (US$ Mn/Bn) estimation and projection, Compounded Annual Growth Rate (CAGR %), and volume in measure as applicable to the target product/market. We offer illustrations, charts, tables, and figures to support our findings and analysis, in addition to key finding for markets in regions and countries.

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