The Global Smart Homes market is estimated to be $13.4 billion by 2014, growing at a CAGR of 16.5 % from 2009 to 2014. The market is primarily driven by the rising ageing population worldwide due to increasing life expectancy levels and decreasing birth rates. In addition, government initiatives and increasing smart home adoption rates are also driving the uptake of smart home products. The smart homes market is segmented into products and services markets which are expected to grow at a CAGR of 16.3% and 17% respectively

Also, growing interest from consumer electronics industry and newer technologies coming up are further fuelling market growth. However, there is a need for common standards for the usage of smart home technologies such as Zigbee, Z-Wave, KNX, Insteon etc. Moreover, ethical guidelines on the use of technologies that raise privacy issues are also required..

Market players are focusing on new product launches, improving existing line of products, collaborations and service development to enhance their commercial portfolios. Strategic collaborations among companies are also increasing in order to obtain better technology and enhancing customer base.

This analyst briefing focuses on the Global Smart Homes market over the period 2007-2014. The agenda for the briefing includes discussion on key high growth market, marking the growing trend in the products and services. It analyzes competitive scenario and major opportunities for the Global Smart Homes market; and evaluates major trends in the macro- and micro-markets with respect to regions such as North America, Europe, Asia & ROW (Rest Of the World).

Smart home products comprise smart home devices for lighting, security, entertainment, energy management, HVAC and home health. Smart home services include installation and repair and customization where installation accounts for the major part of the market.

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