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Post-pandemic Trends and Growth Opportunities in the Smart Homes Market
Post-pandemic Trends and Growth Opportunities in the Smart Homes Market
Focus on Cost Savings, Comfort, and Security will Enhance Future Growth Potential
20-Feb-2023
Global
Market Research
Description
This research study provides a post-pandemic trend analysis of the smart homes market, highlighting information on the growth of connected devices, regional trends, consumer preferences, and other key indicators. Smart and connected homes have an evolving, dynamic market poised for strong growth in the next 5 years. The primary drivers of this market are the demand for safety, security, and comfort; the need for better energy and cost savings; growing adoption of technology-enabled products and high-speed Internet connectivity; and a shift towards innovative business models.
The study categorizes the smart home market into 5 key segments: home energy management, home automation and control, home safety and security, home entertainment, and health and wellness. This research service explores the top growth zones in the smart homes market, analyzing key drivers and restraints that influence market growth and the trends impacting market dynamics, including key regional trends related to the semiconductor ecosystem. The study also identifies the key growth opportunities and strategic imperatives for market participants. The base year is 2022, and the forecast period is 2023 to 2027.
Author: Anirudh Bhaskaran
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Smart Homes Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Scope of Analysis (continued)
Growth Drivers
Growth Restraints
Average Number of Connected Devices Per Home
Growth in Average Number of Connected Devices Per Home
Top Trends in the Smart Homes Market
Trend 1: AI-powered Voice Assistants Enhance Consumer Convenience and Engaging with Smart Home Appliances
Trend 2: Matter—A Game-changing Standard for the Smart Home Ecosystem
Trend 3: Consumers Accelerate Investments in Digital Health and Fitness Products
Trend 4: Soaring Retail Energy Prices and Changing Customer Expectations Augment the Deployment of Home Energy Personalization Services
Trend 5: Increasing Number of Connected Devices and Networks Require Sophisticated Customer Experience Platforms
Trend 6: Growing Cyber Threat Concerns Lead to Demands for Next-gen Cyber Security Solutions from Communication Service Providers
Trend 7: Expanding AI Capabilities in Home Security Systems Accelerate the Growth of Autonomous Home Awareness Systems
Trend 8: Subscription Service Models Crucial for Further Penetration of Mid-to-high-end Smart Home Solutions
India to Ease Global Semiconductor Supply Chain Pressure in the Long Term
US CHIPS and Science Act to Spur Semiconductor Manufacturing and Bring Down Costs of Consumer Electronics
Growth Opportunity 1: Flexible Payment Models
Growth Opportunity 1: Flexible Payment Models (continued)
Growth Opportunity 2: Matter-certified Products
Growth Opportunity 2: Matter-certified Products (continued)
Growth Opportunity 3: Decarbonization Strategies
Growth Opportunity 3: Decarbonization Strategies (continued)
List of Exhibits
Legal Disclaimer
Growth dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
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Impacting your company's future growth potential.
Popular Topics
| Deliverable Type | Market Research |
|---|---|
| Author | Anirudh Bhaskaran |
| Industries | Environment |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Smart Home Market Trends |
| Keyword 2 | Smart Home Market |
| Keyword 3 | Home Automation Market |
| Podcast | No |
| WIP Number | PDA3-01-00-00-00 |
