Smart Home Market Analysis Distribution, End-Users, Growth Factors, Competitive Landscape and Forecast

A new Report by Delvens, titled "Smart Home Market” offers a comprehensive analysis of the
industry, which comprises insights on the Global analysis. The report also
includes competitor and regional analysis, and contemporary advancements in the
market, te Smart Home Market size was estimated at USD 96.16 billion in 2023
and is projected to reach USD 342.37 billion in 2030 at a CAGR of 19.89% during
the forecast period to 2030.

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Report: https://www.delvens.com/get-free-sample/smart-home-market

Recent Developments

utilizing compressed sensing, Panasonic Holdings Corporation
has created very sensitive hyperspectral imaging technology. This innovation
makes it possible to recognize minute color changes, improving picture analysis
and recognition precision while keeping the functionality of traditional color
cameras.

Apple, a major player in technology, announced its entry
into the market for smart home applications. Apple is creating a smart display
for the house with a magnetic wall attachment that can be used to control the
lights and temperature. It will reportedly feature have FaceTime capability.

The Prominent Players
in the Smart Home market are:

·       
ABB Ltd

·       
ASSA ABLOY

·       
Axis Communications AB

·       
Cisco Systems Inc.

·       
Control4 Corporation

·       
Emerson Electric Co.

·       
General Electric Company

·       
Google Inc.

·       
Schneider Electric SE

·       
Siemens AG

·       
Smarthome Inc.

·       
United Technologies Corporation and More

Key Findings: Smart Home Market

·       
Based on product, the market is segmented into
lighting control, security & access controls, entertainment devices, hvac,
smart kitchen appliances, home appliances, smart furniture, home healthcare,
other devices. Security & Access control dominated the market in this
segment. The requirement to grant allowed access to safes or rooms containing
priceless things and the rising need for intelligent security systems are both
cited as reasons for this increase.

·       
Based on protocol, the market is segmented into
wireless, wired, hybrid. The wireless protocol dominated the market in this
segment. This impressive rise is owed to the capabilities and services provided
by protocols like ZigBee, Wi-Fi, Bluetooth, Z Wave, and others, such as mobile
connection, communication regardless of location, and more.

·       
Based on application, the market is segmented
into new construction, retrofit. New construction dominated the market in this
segment. This is mostly caused by how convenient and simple it is to install
smart home technology at active building sites.

·       
The market is also divided into various regions
such as North America, Europe, Asia-Pacific, South America, and Middle East and
Africa. North America is estimated to account for the largest market share
during the forecast period. The industry has grown recently due to factors such
evolving lifestyles, growing reliance on smart gadgets, and increased security concerns.

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In addition to the
market data for the Smart Home Market, Delvens offers client-centric reports
customized according to the company’s specific demand and requirements.

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Delvens:

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