Connected Home Market Set To Grow To $257.9 Bn By 2027

13 August 2018
Cyber

Visiongain’ has launched a new energy report Connected Home Market Forecast 2017-2027: Forecasts by Component (Software, Hardware, Services), by Application (Safety & Security: Video Surveillance, Access Control, Smoke & Leak Detectors, Others / Utility Management: HVAC, Lighting Control, Energy Tracking, Smart Meter / Smart Appliance: Connected Washer/Dryer/Dishwasher, Connected Refrigerator, Connected Stove/Oven / Smart Entertainment: Multimedia Control, Home Theatre Control Systems, Others / Wellness Monitoring), by Connectivity Technology (Cellular: CDMA, GSM/HSPA, LTE / Non-cellular: Z-Wave, ZigBee, Wi-Fi, Bluetooth, Others), and by Geography (Americas, Europe, APAC, MEA).

A connected home uses computer network technology for the additional convenience and safety of families. These network technologies enable the interconnection of multiple devices extending from communications and entertainment to security and safety. An increasing number of devices and services in the home adds complexity.

The visiongain report analyst commented “The increasing acceptance of the smartphone, which serves as a control center for connected devices and the evolving ecosystem of the Internet of Things with new chips, would be the major contributor to the rapid growth of connected home solutions. For instance, smart refrigerators can monitor food consumption and smart locks enable electronic monitoring of the house. These are becoming part of connected as well as smart homes. Another example is technologically advanced alarm systems which not only detect intrusions, but can also activate video footage. It is expected that technology will become more sophisticated and accessible as consumer demand for connected homes grows, which will make the market more innovative.”

Leading companies featured in the report who are developing connected home technologies include Legrand, Honeywell International, Inc., Siemens AG, Schneider Electric SE, and Philips N.V.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
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Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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