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Smart Homes Market by Product & Technology - 2020

A smart home is a home that is equipped with a special connected platform enabling its occupants to remotely control and program an array of automated home electronic devices. The smart home market offers a wide array of applications such as residential energy management, entertainment and, lighting control. The growth of the smart homes market in the coming years is expected to be high with the market size estimated to reach $58.68 billion by 2020, at an estimated CAGR of 17% from 2015 to 2020.

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Smart Homes Market by Product & Technology - 2020

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  1. MarketsandMarkets Presents Smart Homes Market worth $58.68 Billion by 2020 Publishing Date: Feb 2015

  2. “Smart Homes Market by Product (Energy Management System, Security & Access Control, Entertainment Control, and HVAC Control), Protocol and Technology (Protocol, Cellular Technology, and Communication Technology), Service (Installation, and Customization), and Geography (North America, Europe, APAC, and ROW) - Trend and Forecast to 2020”, the market is expected to grow at a CAGR of 17% between 2015 and 2020, and reach $58.68 billion by 2020. • Browse • 80 market data tables • 83figures • 179pages and in-depth TOC on “Smart Homes Market - Trend and Forecast to 2020”. • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=121 • You can get PDF Boucher@ • http://www.marketsandmarkets.com/pdfdownload.asp?id=121

  3. Source: MarketsandMarkets Analysis Smart Homes Market worth $58.68 Billion by 2020 Source: MarketsandMarkets Analysis

  4. Traditional home automation devices were designed to control systems within a house and within a limited range of connectivity; This includes mobile connectivity features, an integral component of smart homes provided by device manufacturers; and compatible communication protocol and technology based products offered by Internet Service Providers. Even though the concept of smart homes has been in existence for a long time, the market has witnessed a profound growth, mainly, during the last five years. The smart homes service providers are beginning to gain traction in the marketplace, and we could see more smart homes technology players entering the market before an inevitable consolidation occurs. The global smart homes market was valued at $20.38 billion in 2014 and is expected to reach $58.68 billion by 2020; the market is projected to grow at an estimated compound annual growth rate (CAGR) of 17% between 2015 and 2020. The smart home market revolves around green home solutions, which include smart energy management systems; and follow a minimal usage of energy and monitoring of appliances. North America is expected to retain its position as the largest smart homes market. The revival of construction activities, especially with regards to new residential buildings and renovations, is expected to support the growth of the North American smart homes market. The U.S. will remain the major market for smart homes throughout the forecast period, due to its high adoption rate and continuous development.

  5. Contact Us Mr. Rohan North - Dominion Plaza,17304, Preston Road,Suite 800, Dallas, TX 75252Tel: +1-888-600-6441Email: sales@marketsandmarkets.com http://www.linkedin.com/company/marketsandmarkets

  6. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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