Smart Home Solutions Market to Grow at a US$ 90 Bn by 2025 End

Persistence Market Research presents a structured analysis of the various trends, challenges, opportunities, growth drivers and restraints impacting the global smart home solution market in a new research report titled "Smart Home Solution Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)". Various aspects of the market are analyzed across key regional markets of North America, Latin America, Europe, Asia Pacific (APAC) and Middle East and Africa (MEA). A complete analysis on the competition scenario as well as segmental forecasts are included in this extensive research report that can be used to gain strategic advantage in the years to follow. A comprehensive market analysis helps estimate the volume and value projections of all segments of the market for a period of eight years from 2017 till 2025.

The global smart home solution market is expected to grow at a high rate to register a stellar CAGR of 20.4% throughout the forecast period. The valuation of the global smart home solution market is projected to reach US$ 164.8 Bn by the end of the assessment year in 2025 from an estimated value of about US$ 37.2 Bn in 2017.

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Benefits associated with smart home solutions such as energy consumption reduction, enabling cost savings and other aspects such as emerging smart home technologies, increasing demand for integrated security and monitoring services, increasing need for energy conservation, increasing demand for smart healthcare devices in the residential sector, surging demand for smart TVs, growing internet penetration for smart home security, rising inclination towards the adoption of smart technology products, fast adoption of the digitalization concept and increasing demand for single-point control systems are expected to boost the growth of the global smart home solution market. However, factors such as ambiguity about the ROI, lack of skilled labor, high investment and complexities involved with implementation and limitations associated with centralized lighting control systems have created hurdles for the growth of the market.

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The research report on the global smart home solution market includes a detailed analysis on the competitive scenario. This chapter includes intelligence on the key players involved in the market. Companies such as Siemens AG, United Technologies Corporation, General Electric Company, Schneider Electric Se, Honeywell International, Inc., Ingersoll-Rand PLC, Johnson Controls, Inc., ABB Ltd., Legrand S.A., Samsung Electronics Co., Ltd., Acuity Brands, Inc., Lutron Electronics Co., Inc., Leviton Manufacturing Company, Inc., Vivint Smart Home, Select Comfort Corporation, Switchmate Inc., and Lifx are profiled in this research report.

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