Connected Home Devices Market

Connected Home Devices Market Growth, Size, Share, Price, Trends, Analysis, Report, Forecast 2023-2028

The new report by Expert Market Research titled, ‘Global Connected Home Devices Market Growth, Share, Size, Trends, Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global connected home devices market, assessing the market based on its segments like product, technology, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2018-2028)

  • Forecast CAGR (2023-2028): 13%

Modern lifestyle and schedules are turning hectic with people trying to multitask and manage their life alongside. This changing lifestyle is inducing the inclination towards smart ecosystem which enables simplification of tasks and with greater efficacy.

For instance, one can get their coffee or turn on the dishwasher just through a press of a button on their smartwatch via a connecting app. This eases the daily load of consumer and provides the advantage of convenience. This offers an opportunity to grow to multiple consumer product manufacturers from devices to appliances, to security and lighting to innovate with respect to functionality and connectivity. Overcoming challenges in ease of use, installation and control will also invigorate the market.

Connected Home Devices Industry Definition and Major Segments

A connected home device refers to those appliances, lighting or electronic devices that can be automatically and remotely controlled, such as through an app, with the help of internet. These can also operate in conjunction with other devices in the home enabling interconnection and thus, communicate information to other smart devices as well.

Explore the full report with the table of contents@

On the basis of product, the market is segmented into:

  • Lighting
  • Fixtures
  • Entertainment
  • Speakers
  • Television
  • Security System
  • Security Cameras
  • Locks
  • Alarm Systems
  • Smart Thermostat
  • Others

Based on technology, the market is divided into:

  • Device-Based
  • Mobile
  • Hybrid
  • Technology Comparison Matrix

The major regional markets include:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Connected Home Devices Market Trends

The augmenting demand for the inclusion of multiple connected home appliances, worldwide, is anticipated to strengthen its development during the forecast period. Alongside, the growing penetration of internet and ease of availability and affordability of connectivity is additionally helping the demand for such connected devices and is expected to only push the global market higher in the coming years.

Remote and wireless communication along with control and monitoring features are forecasted to be important drivers in the future for the connected home ecosystem by providing the benefit of cost and time saving. The global connected home market poses a tremendous opportunity for growth and innovation.

Key Market Players

The major players in the market are Analog Devices, Inc., Honeywell International Inc., Panasonic Corporation, SAMSUNG ELECTRONICS Co., Ltd., Siemens AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:-

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person: John Walker, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA

Leave a Reply

Your email address will not be published. Required fields are marked *