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North America Smart Home Market to be Worth $93.1 Billion by 2030

Explore $93.1 billion North America Smart Home Market: Get exclusive insights on key market trends, segments, geographical analysis, & competitive analysis!<br>

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North America Smart Home Market to be Worth $93.1 Billion by 2030

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  1. North America Smart Home Market to be Worth $93.1 Billion by 2030

  2. North America Smart Home Market - 2024 to 2030 As per the latest findings from Meticulous Research®, the North American smart home market is expected to surge to $93.1 billion by 2030, expanding at a compound annual growth rate (CAGR) of 9.6% over the forecast period. The market's growth can be attributed to the increasing focus on home security and safety, the rise of the Internet of Things (IoT), and a push for improved energy efficiency within homes. However, factors such as consumer hesitancy toward adopting new technologies and the high costs of acquiring smart home systems may act as barriers to widespread market growth. Significant opportunities for market expansion are anticipated in response to consumer demand for flexible and fully customizable smart home solutions. Nevertheless, concerns over data privacy, security issues, and compatibility with older home systems could hinder growth. A prominent trend within the industry is the increasing adoption of partial home automation and collaboration between companies to enhance device interconnectivity. Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5636 Meticulous Research® has categorized the market by product type, protocol and standard, and geographic region for a more detailed analysis. The report also provides insights into key market players and evaluates the market on a national level. In terms of product type, the North American smart home market is segmented into smart lighting systems, smart speakers, smart HVAC controls, smart security and monitoring systems, smart entertainment systems, smart home appliances, smart kitchen appliances, smart home healthcare systems, and smart furniture. The smart security and monitoring systems segment is projected to hold the largest share of the market by 2024. This is largely due to growing concerns for home security, technological improvements in smartphones that allow for remote monitoring, and the rising demand for IoT-based security solutions in residential areas. Key companies such as Google LLC and ADT have also played a role in this segment’s growth The market is further divided by protocol and standard into wireless, wired, and hybrid protocols. The wired protocol segment is expected to dominate the market by 2024, due to consumer preferences for stable and reliable home automation systems and the need for better energy efficiency. Geographically, the North American smart home market is segmented into the U.S. and Canada. In 2024, the U.S. is expected to hold the largest share of the market, mainly due to the Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

  3. North America Smart Home Market - 2024 to 2030 widespread acceptance of smart home devices among American consumers. The U.S. has also become a hub for smart home technology start-ups, which have attracted significant investments. On the other hand, the Canadian market is expected to grow at the fastest rate during the forecast period. Factors such as continuous advancements in home automation technology and rising consumer demand for smart devices like thermostats, lighting systems, and security monitoring solutions are driving growth in Canada. Key Players The key players operating in the North America smart home market are Google LLC (U.S.), Apple, Inc. (U.S.), Amazon.com, Inc. (U.S.), Siemens AG (Germany), United Technologies Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Honeywell International, Inc. (U.S.), Johnson Controls International plc (Ireland), Schneider Electric SE (France), LG Electronics, Inc. (South Korea), Robert Bosch GmbH (Germany), ABB Ltd. (Switzerland), ASSA ABLOY AB (Sweden), General Electric Company (U.S.), Legrand SA (France), and Sony Corporation (Japan). Quick Buy : https://www.meticulousresearch.com/Checkout/74373660 Key questions answered in the report- • Which are the high-growth market segments in terms of product type, protocol & standard, and geography? • What is the historical market size for the smart home market in North America? • What are the market forecasts and estimates for the period 2024–2030? • What are the major drivers, restraints, and opportunities in the North America smart home market? • Which are the major players in the North America smart home market, and what are their market shares? • What is the competitive landscape like? • What are the recent developments in the North America smart home market? • What are the different growth strategies adopted by companies in this market? • What are the geographic trends and high-growth countries in this market? • Which are the emerging players in the North America smart home market, and how do they compete with the other players? Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

  4. North America Smart Home Market - 2024 to 2030 Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com

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