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Global Smart Home Market Research Report (2021 to 2026) - by Product, Technologies, Service, Deployment and Region - ResearchAndMarkets.com

·4 min read

DUBLIN, December 07, 2021--(BUSINESS WIRE)--The "Smart Home Market Research Report by Product, Technologies, Service, Deployment, and Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Smart Home Market size was estimated at USD 79.62 billion in 2020, is expected to reach USD 90.59 billion in 2021, and projected to grow at a CAGR of 14.11% reaching USD 175.83 billion by 2026.

Competitive Strategic Window

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Smart Home Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Smart Home Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Smart Home Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Smart Home Market?

4. What is the competitive strategic window for opportunities in the Global Smart Home Market?

5. What are the technology trends and regulatory frameworks in the Global Smart Home Market?

6. What is the market share of the leading vendors in the Global Smart Home Market?

7. What modes and strategic moves are considered suitable for entering the Global Smart Home Market?

Market Dynamics

Drivers

  • Increasing use of connected devices at home

  • Penetration of IoT, Z-Wave, Wi-Fi, Bluetooth technology

  • Investment in smart home security devices

  • Positive drive towards smart kitchen, bathrooms, & Gym

Restraints

  • High cost for smart home setups

  • Consumer security and privacy concerns with more connected devices

Opportunities

  • Shifted focus on improving energy efficiency

  • Rising investment in residential building construction

  • Increasing importance of smart home healthcare

Challenges

  • Smart home device malfunction

  • Possibilities of connectivity issues in smart home

Companies Mentioned

  • ABB Ltd

  • ADT

  • Alarm.com, Inc

  • Amazon Inc

  • Apple Inc.

  • Armorax

  • Assa Abloy AB

  • Axis Communications AB

  • Blink Home

  • BuildingIQ

  • Cisco Systems Inc.

  • Comcast Corporation

  • Control4

  • Delta Controls Inc.

  • Emerson Electric Corporation

  • General Electric

  • Google Inc.

  • Honeywell International Inc

  • Johnson Controls Inc.

  • Legrand SA

  • LG Electronics Inc.

  • Lutron Electronics Co. Inc.

  • Robert Bosch GmbH

  • Schneider Electric SE

  • Siemens AG

  • SimpliSafe

  • SONY Corporation

  • The Samsung Group

  • United Technologies Corporation

  • Vivint Smart Home, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/d7yzae

View source version on businesswire.com: https://www.businesswire.com/news/home/20211207005627/en/

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