Smart Home Devices Market is expected to reach USD 227.29 Billion by 2030 at a CAGR of 10.4 percent

(IT-NEWSWIRE.COM, June 26, 2024 ) As per Maximize Market research, the Smart Home Devices Market was USD 103 Billion in 2023 and is expected to grow at a CAGR of 10.4 percent over the forecast period to reach USD 227.29 Billion by 2030.

Smart Home Devices Market Report Scope and Research Methodology

The report covers a wide range of market aspects, such as market overview, segmentation by product type, sales channel, and software & services. Also, it includes competitive analysis and future outlook with special attention to innovation, and regulatory factors. The Market Report evaluates the industry in detail including its size, trends, and key players. For this research process, the data gathering is done from both primary sources as and secondary sources.

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Smart Home Devices Market Dynamics

There is a shift in customer preference for video doorbells, voice-aided technology, and surveillance systems which drive the market. The technological penetration in society with smartphones and social media also has a hand in it. Other smart devices such as RFID, barcode scanners, and mobile computers are expected to provide additional boost to the market.

Smart Home Devices Market Regional Analysis

North America has high disposable income, and the new trend for enhanced device standards, home energy control systems, better security at home sees the market grow. Along with this Tablets, smartphones, and standalone voice assistants within homes is contributing to market growth.

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Smart Home Devices Market Segmentation

By Product Type

Lighting Control

Security & Access Control

HVAC Control

Smart Speaker

Smart Kitchen

Smart Furniture

By Sales Channel

Direct

Indirect

By Software & Services

Behavioral

Proactive

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Smart Home Devices Key Players include

Honeywell

Siemens

Johnson Controls

Schneider Electric

ASSA ABLOY

Maximize Market Research is leading Semiconductor research firm, has also published the following reports:

Smart Wiring Devices Market- The market is expected to Reach USD 24.43 Bn. by 2030 at a CAGR of 12.7 percent.

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Smart Home Devices Market is expected to reach USD 227.29 Billion by 2030 at a CAGR of 10.4 percent