IoT Smart Home Market Insights: Business Opportunities, Current Trends and Restraints Forecast 2025

IoT smart home are powered by the computing devices and information technology that uses internet to connect various gadgets and appliances in house to provides comfort and security. IoT smart home is fast evolving to the newer areas like lighting systems, advanced security systems, gas leakage and fire detection systems and others. Energy efficiency, Comfort and convenience, need of safe and secure homes, are the major drivers for IoT smart home market. IoT technology provides remote monitoring that enables all

According to a new report published by Reports Monitor titled, “IoT Smart Home MarketSoftware & Service, and Applications: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the IoT Smart Home Market was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.

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IoT smart home market has witnessed notable growth but still it has long distance to go before it reaches its full potential. Most of the consumers around the world are unaware about IoT smart home concept and don’t understand the value propositions offered by IoT. 

Energy efficiency, Comfort and convenience, need of safe and secure homes, are the major drivers for IoT smart home market. IoT technology provides remote monitoring that enables all electrical controls such as AC controls, refrigerators, Smart gadgets, UPS controls and management of appliances and systems. Increased crime rate is boosting the demand for safe and secure home globally. Demand for smart and energy efficient lighting system, and smart phone penetration globally some of the other driving factors for growth of the IoT smart home market. 

This report provides a detailed analysis of IoT Smart Home market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach. 

Global IoT Smart Home market is majorly segmented on the basis of Software and Service (behavioral and proactive), Applications (Lightning Control, Smart Kitchen, Security & Access Control, HVAC Control, Home Appliances, Healthcare,  Entertainment and Other Controls). 

By geography, Global IoT Smart Home market is studied across North America, Europe, Asia-Pacific, and LAMEA. Increasing awareness and acceptance of IoT technology, existence of key player from this market and more number of tech savvy consumers are some of the factors driving growth of the IoT smart home market in North America. 

Key Question Answered:

• What will be the market size in 2025 and at what rate it will grow?

• What trends, barriers, challenges are influencing its growth?

• Who are the major key players in Global IoT Smart Home Market and what are their strategies?

• What segment and region will lead the market and why?

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The major companies profiled in the report include: Honeywell International Inc., Siemens AG, Schneider Electric SE, ABB Ltd., Johnson Controls Inc., Emerson Electric Company, Samsung Electronics Co., Ltd., LG Electronics Inc., United Technologies Corporation, Legrand S.A, Acuity Brands, Inc. Lutron Electronics Co. Inc, Leviton Manufacturing Company, Inc. and Crestron Electronics, Inc. among others.  

-: Research Scope :-


The study for Global IoT Smart Home Market will provide market size, estimates and forecast based on the following years:   

Historic data: 2015  Base Year Estimate: 2016  Forecast: 2017 to 2025 

The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales. 

Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings. 

The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market. 

1. Introduction

1.1. Market Definition

1.2. Market Scope

2. Research Methodology

2.1. Primary Research

2.2. Secondary Sources

2.3. Assumptions & Exclusions

3. Market Overview

3.1. Research Report Segmentation & Scope

3.2. Key Market Trend Analysis

3.2.1. Market Drivers

3.2.2. Market Restraint/Challenges

3.2.3. Market Opportunities

3.3. Porter’s Five Forces Analysis

3.4. Potential Venture Avenues

3.5. Market Share Analysis, 2016

4. Software & Service Overview

4.1. Introduction

4.2. Market Size & Forecast, 2015 to 2025

4.2.1. Behavioral

4.2.2. Proactive

(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)

5. Application Overview

5.1. Introduction

5.2. Market Size & Forecast, 2015 to 2025

5.2.1. Antacids & Anti-flatulent Preparations

5.2.2. Anti-anaemic Preparations

5.2.3. Lightning Control

5.2.4. Smart Kitchen

5.2.5. Security And Access Control

5.2.6. HVAC Control

5.2.7. Home Appliances

5.2.8. Healthcare

5.2.9. Entertainment

5.2.10. Other Controls

(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)

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