What are the smart home market forecasts?

in market •  6 years ago 

Global Smart Home Market Forecast:

  1. Market Value In 2017 - USD 64.33 billion
  2. Projected Market Value In 2025 - USD 176.59 billion
  3. CAGR Growth Rate During 2018–2025 - 13.5%

Market Growth Factors:

  1. The growing importance of home monitoring system
  2. Advancement in the Internet of Things (IoT)
  3. Growing awareness About Energy Efficient Devices

Market Restraints:

  1. The high cost of existing smart devices
  2. Security and Privacy Concerns
  3. Smart Home Market Key Players:
  4. Siemens AG
  5. United Technologies Corporation
  6. General Electric Company
  7. Schneider Electric Se
  8. Honeywell International, Inc.,
  9. Ingersoll-Rand PLC
  10. Johnson Controls, Inc
  11. ABB Ltd

For More In-Depth Analysis And Forecast On Smart Home Market At https://bit.ly/2GXmgcz

market research technology
6 years ago by

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