BURNABY, Canada, April 13, 2016 /PRNewswire/ --

Homes are equipped with multiple devices such as television, lock, CCTV, electronic meters, and so on. However, in traditional homes, these equipment(s) works as a standalone equipment with limited connectivity with other devices or internet. Due to the technology development at the different fronts, home appliances and devices are becoming more automated, connected and can be monitor on real time basis through a central control system.

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The demand for Smart Homes solutions and products is growing among the consumers across the world. These products solutions are enables less energy requirements, security, real time monitoring of home appliances and activities in and around home, and so on. The demand for these products and solutions have increased among the consumers as the monitoring and control can be done through smartphones, wearable devices, etc. to optimize the energy utilization and maximize the use of advanced home appliances.

Smart Homes Market: Outlook 

With the growing requirement by the consumers for energy saving and optimization, real time monitoring of devices and 24*7 security, Smart Homes market is witnessing a substantial growth and is anticipated to grow with the exponential CAGR during the forecasted period. Further, the home solution providers are shifting their focus from providing the traditional home solutions to advanced technology enabled home solutions to meet the market demand.

On the account of smartphone penetration and innovation in the smartphone connectivity features which enhance the machine to machine communication; the market is witnessing the emergence of smart home mobile applications which is enhancing the acceptability of these solutions across the world.

Smart Homes Market Key Drivers 

Smart Homes market across the world is growing on the back of increasing awareness about the benefits of green energy saving solutions, high demand of technology enabled connected home appliances, growing need of real time basis security and monitoring of home, growing adoption of technology in real estate industry especially in residential segment to provide technology equipped homes, increasing adoption of automatic entertainment solution which works according to consumer requirement, as well as the growing innovation in smart home automation and in connected devices market.

Smart Homes Market: Region wise Outlook 

Smart Homes Market report provides the regional base analysis which covers the market size and forecast of the region along with the market share and forecast of applications and leading countries in the region. According to the exhaustive research conducted by industry analyst, North America is the prominent region in the world in Smart Homes Market and it is projected that it will dominate the global market during the next coming five years.

The growing construction activities such as renovation of homes/ residential buildings, new construction of residential buildings along with the high consumer demand for energy management, home security, etc, in the region are the key drivers for the growth in the region. The United States being the key adopter of Smart Homes solutions and products in the region.

Smart Homes Market: Segmentation 

The Global Smart Homes Market can be segmented on the basis of Application, Technology, and Regions.

The global Smart Homes Market Applications can be divided into the following segments:

• Security & Access Control Systems
• Energy Management Systems
• HVAC Control
• Entertainment Control
• Others

Based on the Technology, the global Smart Homes Market can be divided into the following segments:

• Wireless Communication
• Cellular Network
• Protocols & Standards

Based on the Region, the Global Smart Homes Market can be divided into the following segments:

• North America (U.S, Canada, Mexico, others)
• Europe (Germany, France, U.K., Italy, others)
• Asia-Pacific (China, Japan, Singapore, others)
• Middle East and Africa (U.A.E., Saudi Arabia, South Africa, others)
• South America (Brazil, Argentina, others)

Smart Homes Market: Key Players 

Leading players in the Smart Homes Market across the globe include Icontrol Networks Inc., Honeywell International Inc., Crestron Electronics Inc., HomeSeer Technologies LLC, Vera Control Limited, Infineon Technologies AG, ABB Limited, Loxone Electronics GmbH, Tyco International PLC, Control4 Corporation, Lutron Electronics Co. Inc., Emerson Electric Co., and Others

The above mentioned key players are covered in the report along with the leading players global market share in the Smart Homes market. These companies involved in the Smart Homes products and solutions to the consumers/customers have worldwide operations and have offices located across the world. The Global Smart Homes Market report covers the in-depth profiling of these companies along with the business segment, end-user segment, product/service offerings, facts and figures, recent development, operating history of the company and key personnel along with key contact person.

Why You Should Buy This report? 

The report covers the in-depth analysis on: 

• To gain an in-depth understanding of Global Smart Homes Market.
• To identify the on-going trends and anticipated growth over the next five years
• To help industry consultants, smart homes solution providers align their market-centric strategies
• To obtain research-based business decisions and add weight to presentations and marketing material
• To gain competitive knowledge of leading market players
• To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer's specific needs

Global Smart Homes Market Forecast & Opportunities report is an outcome of exhaustive qualitative and quantitative research by the industry analyst. This market research report covers an in-depth analysis of the smart homes market derived by analyzing the key developments, prominent trends, growth drivers prevailing in the market. The industry analyst has conducted extensive interviews with the key opinion stakeholders across the value chain to provide the concrete analysis. This report discusses the historic and forecasted market size of the global market along with the market share and forecast of the regions, applications, and technology. The report works as a strategic guide to industry players which seeks to expand their businesses across the global as well as it is a bible for new entrant which are planning to enter into new geographies.

Report Highlights: 

• Market Size & Forecast
• Market Share & Forecast - By Application, By Technology, By Company, By Region
• Regional & Segmental Analysis
• Emerging Trends & Upcoming Opportunities
• Market Attractiveness Index
• Competitive Landscape
• Strategic Recommendations

About TechSci Research: 

TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.

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