ICT & Electronics Smart Home Market Analysis | Page 3

Change in lifestyle of consumers
The global smart home market is poised to display substantial growth in near
future owing to increasing disposable income of the consumers, growing
affordability and changing life style of the population. Growing consumer’s
spending on smart devices coupled with growing technological advancements
with home appliances is a key factor which is envisioned to drive the global
market of smart homes in future.
Limited consumer demand and long replacement cycle of smart home appliances
are major factors which are likely to dampen the growth of global smart home
market.
The report titled “Smart Home Market: Global Demand Analysis &
Opportunity Outlook 2024” delivers detailed overview of the global smart
home market in terms of market segmentation by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth
drivers, restraints, supply and demand risk, market attractiveness, BPS analysis
and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key
players of the global smart home market which includes company profiling of
Siemen AG, United Technology Inc., General Electric Company, Schneider
Electric, Honeywell International Inc., Ingersoll-rand PLC, Lutrons Electronics
Co. Inc., Samsung Electronics Co. Ltd., Acuity Brends Inc., ABB Ltd., Johnson
Controls Inc. The profiling enfolds key information of the companies which
encompasses business overview, products and services, key financials and recent
news and developments. On the whole, the report depicts detailed overview of the
global smart home market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the future.