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SMART HOME AS A SERVICE MARKET ANALYSIS Smart Home as a service Market, by Service (Managed and Integrated), by Solution (Security and Access, Lighting and Window, Audio-Visual and Entertainment, Energy Management and Climate and Integrated) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Market Overview The global Smart Home as a Service Market was accounted for US$ 3,952.9 Mn in terms of value in 2019 and is expected to grow at CAGR of 18.1% for the period 2019-2027
Market Dynamics- Drivers • Increasing demand for entertainment content is expected to drive growth of the global smart home as a service market during the forecast period • Growing demand for energy management solutions is expected to propel the global smart home as a service market growth over the forecast period
Market Opportunities • High cost of implementation is expected to hamper the global smart home as a service market growth during the forecast period. • Issues regarding privacy and misuse of technology are expected to restrain the global smart home as service market growth over the forecast period
Market Trends • Emerging opportunities for tech and insurance companies • New connectivity standard influencing eco-system • Segment information: • In global Smart Home as a service Market, by Service, Integrated sub-segment dominated the global market in 2019, accounting for 64.4% share in terms of value, followed by Managed Services.
Competitive Section Key players operating in the global smart home as a service market are Ingersoll-Rand plc (Nexia), Vivint, Inc., Protection One Alarm Monitoring, Inc., The ADT Corporation, Telus Communications, Frontpoint Security Solutions, AT&T Inc., Johnson Controls, Inc., Comcast Corporation, Charter Communications (TWC), and CenturyLink, Inc.
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