Post-pandemic Trends and Growth Opportunities in the Smart Homes Market
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.
- Strategic Imperatives
- 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
- Growth Opportunity Analysis
- Scope of Analysis
- Growth Drivers
- Growth Restraints
- Average Number of Connected Devices Per Home
- Growth in Average Number of Connected Devices Per Home
- Top Trends
- 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 Nextgen 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
- Key Regional Trends
- 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 Universe
- Growth Opportunity 1: Flexible Payment Models
- Growth Opportunity 2: Matter-certified Products
- Growth Opportunity 3: Decarbonization Strategies
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