DUBLIN, May 17, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Smart Home Market by Product, Software & Service, and Geography - Global Forecast to 2022" report to their offering.
The global smart home market is forecast to be worth USD 121.73 Billion by 2022, growing at a CAGR of 14.07% between 2016 and 2022. The growth of the smart home market is attributed to factors such as significant advancements in the IoT market; increasing need of the consumer for convenience, safety and security; rising need for energy saving and low carbon emission-oriented solutions; and large number of manufacturers expanding their product portfolios.
Lighting control, security & access control, HVAC control, entertainment & other controls, home healthcare, and smart kitchen are the different hardware products used in the smart home market.
Entertainment has become an important part of life as it provides relaxation and rejuvenation. The most important feature of entertainment control is the ability to integrate multi-room entertainment systems. The major controls used to control and regulate the entertainment systems in smart home are audio, volume, and multimedia room controls. The growth of the audio, volume, & multimedia room control market is driven by the convenience offered by these controls for managing as well controlling the entertainment systems within a house.
The advancements in wireless communication technologies is a major factor boosting the growth of the home theater system controls market, thereby driving the overall smart home market for entertainment control.
- ABB Ltd.
- Acuity Brands, Inc.
- Crestron Electronics, Inc.
- Honeywell International Inc.
- Ingersoll Rand PLC
- Johnson Controls Inc.
- Nest Labs Inc.
- Samsung Electronics Co., Ltd.
- Schneider Electric SE
- Siemens AG
- United Technologies Corporation
2 Research Design
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Protocols & Technologies Used in Smart Homes
8 Smart Home Market, By Product
9 Smart Home Market, By Software & Service
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/vhj78m/smart_home_market
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SOURCE Research and Markets