MARKET INTRODUCTION
An Integration of IoT into consumer electronics assists the homeowners to remain connected with their home every time. A broad array of smart IoT devices are gaining high traction in the market. Devices including smart lighting, meters, alarm, cameras, among others getting used at a high rate. Owing to rising disposable income among the middle-class societies in developed countries and developing countries, the smart IoT devices for residential sector is growing. This factor is influencing the residential end users to adopt newer technologies such as smart appliances, lighting, and other devices which is paving the growth path for residential IoT devices market.
MARKET DYNAMICS
Factors such as growing penetration of IoT devices, increasing smartphone users, and growing residential construction are some of the factors responsible to stimulate the demand for IoT devices and propelling the residential IoT devices market. In addition to this, rise in smart home projects within the US, UK, Japan, South Korea, China, and other countries is anticipated to provide ample of growth opportunities to the players operating in the residential IoT devices market.
MARKET SCOPE
The "Global Residential IoT Devices Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the residential IoT devices market with detailed market segmentation by component, device type, and geography. The global residential IoT devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading residential IoT devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global residential IoT devices market is segmented on the basis of component and device type. Based on component, the residential IoT devices market is segmented into software and hardware. On the basis of device type, the residential IoT devices market is segmented into smart meters, smart appliances, smart lighting, smart home gateways, smart thermostats, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global residential IoT devices market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The residential IoT devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the residential IoT devices market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the residential IoT devices in these regions.
MARKET PLAYERS
The reports cover key developments in the residential IoT devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from residential IoT devices market are anticipated to lucrative growth opportunities in the future with the rising demand for residential IoT devices in the global market. Below mentioned is the list of few companies engaged in the residential IoT devices market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the residential IoT devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amazon.com, Inc.
- Bosch.IO GmbH (Robert Bosch GmbH)
- Ecobee
- Google, LLC
- Honeywell International Inc.
- LG Electronics
- Qualcomm Technologies, Inc.
- Radio Thermostat Company of America
- Samsung
- Signify Holding
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.