AP NEWS

Smart Homes - Global Market Size; Analysis & Forecasts; Drivers, Trends, Opportunities & Challenges; and Projections to 2024: CAGR to Register a Value of 27% - ResearchAndMarkets.com

September 20, 2018

DUBLIN--(BUSINESS WIRE)--Sep 20, 2018--The “Smart Home Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.

The report predicts the global smart home market to grow with a CAGR of 27% over the forecast period of 2018-2024.

Security, convenience, and energy efficiency drives the growth of the smart home market. In addition, IoT segments are growing, as the smart home is becoming a trend in machine-to-machine and IoT technologies.

The smart homes vertical is witnessing major actions. A variety of sensors can be easily connected to the cloud at affordable prices. Moreover, Smart Gadgets with augmented reality and Virtual reality platforms are now interacting with customers in day-to-day life, which is likely to fuel the growth of the smart home market. As these wearable gadgets are closely associated with the users, the smart home value chain players are targeting these smart gadgets for integrating their smart appliances.

However, lack of standards and non-availability of high speed and reliable Internet services are hampering the growth of the smart home market. Furthermore, with IoT saturation, more and more connected device will appear in the market. The higher the number of devices, the stronger the security aspects should be to protect against potential threats - this creates an opportunity for cyber security companies.

Companies Profiled

General Electric United Technologies Corporation Johnson Controls Inc. Cisco Systems Inc. LG Electronics Inc. Siemens AG Schneider Electric SE Honeywell International Inc. Emerson Electric Corporation ABB Ltd.

Key Topics Covered

1. Preface

2. Executive Summary

3. Global Smart Home Market Overview

4. Smart Home Market Macro Indicator Analysis

5. Global Smart Home Market by Product Type

6. Global Smart Home Market by Region 2018-2024

7. Company Profiles and Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/qw9zcg/smart_homes?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180920005834/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Internet of Things and M2M

KEYWORD:

INDUSTRY KEYWORD: BUILDING SYSTEMS TECHNOLOGY INTERNET CONSTRUCTION & PROPERTY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/20/2018 03:24 PM/DISC: 09/20/2018 03:24 PM

http://www.businesswire.com/news/home/20180920005834/en

AP RADIO
Update hourly