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MarketsandMarkets: Global Smart Homes Market worth US $13.4 Billion By 2014
The Global Smart Homes Market report analyzes the smart home products and services market over the period 2009-2014. The report studies the major market drivers, restraints, and opportunities for the Global Smart Homes market.
Browse more than 15 market data tables and in-depth TOC on Global Smart Homes Market.
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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, driven by the increasing ageing population worldwide. The markets for smart home products and services are expected to grow at a CAGR of 16.3% and 17% respectively. Rise in the ageing population is the major driving force for the growth of the market. Government initiatives and rising smart home adoption rates due to increasing personal income in Asia are also boosting the market.
Further, growing interest from consumer electronics industry and novel technologies are also expected fuel market growth in the coming years. 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 now focusing on new product and consolidations to enhance their commercial portfolios. Collaborations, new product launches and improvements in the existing line of products are the major growth strategies employed by the companies in order to main a competitive position in the market.
SCOPE AND FORMAT
The report analyzes the Global Smart Homes market into the following segments:
- Smart Home Products Market (Security, Lighting, HVAC, Entertainment, Home Health, Energy Management)
- Smart Home Services Market (Installation & Repair, Customization)
The market data consists of aggregate sales figures of all Global Smart Homes submarkets. It analyzes the market aspects of products and services; sourcing key market developments from the top companies that it profiles.
Analyst Briefing Presentation on the Global Smart Homes Market to be held on 25th May 2010
The Semiconductor & Electronics practice at MarketsandMarkets is pleased to announce its Analyst Briefing Presentation on the Global Smart Homes Market to be held on 25th May 2010. The briefing on the Global Smart Homes market (2009-2014) will benefit the device manufacturers, suppliers and builders.
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