Smart Home Market Insights – Forecast and Analysis 2021-2026
The US smart home market share is expected to increase to USD 18.18 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 17.90%.
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing consumer interest in home automation is notably driving the smart home market growth in US, although factors such as increase in issues related to interoperability may impede market growth.
Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart home industry in US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This smart home market insights report comprises information on key vendors and their competitive landscape, smart home market segmentations by Application (home entertainment, smart appliances, energy management, lighting control system and HVAC, and safety and security system) and Geographic Landscape (APAC, Europe, MEA, North America, and South America), key drivers and challenges, and the parent market. This report also discusses vendor strategies that are playing a key role in the business growth.
One of the key vendor strategies is technological innovation, which has been discussed along with other business planning approaches in this report.
To gain more insights on vendor strategies request for a sample of the report.
