Global Smart Home Market www.vynzresearch.com
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Industry Overview The global smart home market was valued at USD 35.4 billion in 2017 and is further anticipated to attain USD 89.9 billion by 2024. The market is expected to witness a CAGR of 14.2% during the forecast period. The market is growing every year due to constant evolution in technology, globally. Smart home technology has become more affordable and accessible to almost every other average household. The smart home industry is developing globally and attracting buyers from several regions. Explore Full Report Description at: https:// www.vynzresearch.com/ict-media/smart-home-market
market segmentation  On the basis of product, the smart home market is segmented into lighting control system, home entertainment system, smart home healthcare, smart home appliance, HVAC control, and security & access control. Among all these product categories home entertainment system held the largest share in the market and is anticipated to generate USD 21.9 billion by 2024 due to increasing disposable income across the globe.
Geographic Overview  Geographically, North America is the largest smart home market since the region is increasingly emphasizing on developing technology to save energy and lowers the usage of carbon emission-oriented solutions. Rapid implementation of IoT technologies in this region with the perspective of reducing the emissions of fossil fuels is driving the growth of the market.  Asia-Pacific smart home industry is expected to witness fastest growth at 16.5% CAGR during the forecast period, globally. The Indian market is continuously upgrading its technology to make their life easier and convenient. There are several initiatives undertaken by the Indian government to help the citizens of the country to use this technology and ensure secure, convenient and safe environment for them.
Competition among key players
 Some of the key players in the global smart home market include Honeywell International Inc., Siemens AG, Schneider Electric SE, Johnson Controls Inc., Samsung Electronics Co. Ltd., Legrand, ABB Ltd., Acuity Brands, Inc., Crestron Electronics, Inc., United Technologies Corporation, Ingersoll Rand PLC and Nest Labs Inc.
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