Insights on the Smart Home Market 2020-2024: COVID-19 Industry Analysis, Market Drivers, Restraints, Opportunities, and Threats - Technavio

LONDON--(BUSINESS WIRE)--Nov 10, 2020--

The smart home market is expected to grow by USD 65.95 bn, progressing at a CAGR of almost 17% during the forecast period. Download Free Sample Report

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201110005305/en/

Technavio has announced its latest market research report titled Global Smart Home Market 2020-2024 (Graphic: Business Wire)

The developments in connectivity technologies is one of the major factors propelling market growth.

More details:https://www.technavio.com/report/smart-home-market-industry-analysis

Smart Home Market: Application Landscape

Based on the application, the home entertainment segment is expected to witness lucrative growth during the forecast period.

Smart Home Market: Geographic Landscape

By geography, North America is going to have a lucrative growth during the forecast period. About 36% of the market’s overall growth is expected to originate from North America. The US is one of the key markets for smart homes in North America.

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Companies Covered:

  • Alphabet Inc.
  • Allegion Plc
  • Amazon.com Inc.
  • Apple Inc.
  • ASSA ABLOY AB
  • General Electric Co.
  • Honeywell International Inc.
  • Panasonic Corp.
  • Samsung Electronics Co Ltd.
  • Schneider Electric SE

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application placement
  • Home entertainment - Market size and forecast 2019-2024
  • Smart appliances - Market size and forecast 2019-2024
  • Energy management - Market size and forecast 2019-2024
  • Lighting control system and HVAC - Market size and forecast 2019-2024
  • Safety and security system - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alphabet Inc.
  • Allegion Plc
  • Amazon.com Inc.
  • Apple Inc.
  • ASSA ABLOY AB
  • General Electric Co.
  • Honeywell International Inc.
  • Panasonic Corp.
  • Samsung Electronics Co Ltd.
  • Schneider Electric SE

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201110005305/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: SECURITY HOME GOODS RETAIL TECHNOLOGY SOFTWARE

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 11/10/2020 04:30 AM/DISC: 11/10/2020 04:30 AM

http://www.businesswire.com/news/home/20201110005305/en

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