Categories: Press Release

MarkNtel Advisors Predicts Smart Home Market to Attain USD Value by 2028 at 23.8% CAGR

MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as Smart Home Market Size, Share, Analysis, Forecast 2023-2028.

Smart Home Market Analysis and Insights:

The Smart Home Market size is estimated to grow at a CAGR of around 23.8% during the forecast period, i.e., 2023-28.

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Smart Home Market Dynamics

Key Driver: Rising Need for Energy Efficiency to Reduce Running Costs

With alarming levels of carbon emissions as a result of rising warming, energy efficiency is a crucial aspect of any country’s development. As smart Home account for a considerable portion of the world’s total energy consumption, the mounting consumer need for enhanced energy savings & minimized living costs is the prime aspect projected to drive the market during 2023-28. Additionally, the rising number of smart buildings owing to rapid urbanization, the increasing penetration of smartphones & the internet, growing adoption of intelligent technologies in Home, such as video doorbells, voice-assistants (Alexa and Google Home), & surveillance systems, among others, are also projected to fuel the market growth through 2028.

Smart Home Market Report Segmentation:

The report has segmented the market into the following categories:

By Technology

-Cellular Network Technologies

-Protocols and Standards

-Wireless Communication Technologies

By Software & Service

-Behavioral

-Proactive

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Market Divided by Region/Country:

By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia-Pacific

Who are the top Companies in the Smart Home Market?

ABB Ltd., AMX, Johnson Controls, United Technologies Corporation, Emerson Electronics Co., Honeywell, Ingersoll-Rand PLC, Legrand S.A., Lutron Electronics, Inc., Schneider Electric S.A., Siemen AG, Tyco International Ltd and Others

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About Us-

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.