The best in safety, security and comfort that was originally intended for the etechnologically inclined if is now reaching the general public through smart home. Smart home not only makes daily routine convenient and time saving but also provides energy efficiency. Older and disabled are heavily reliant on home care; smart home are promising to improve their living standards. The benefits of smart home can be endless. Starting from gate access through garden irrigation could be done in ease. Smart home have already started attracting the stakeholders in the market including architects, developers and device manufacturers. The possibility of reduction in prices of smart home and expected adoption to technology is the key to market growth in the future. With the stakeholders becoming active in the market for developing new and improved standards in smart home, this market is expected to grow at a decent pace for many years to come.
Existing studies and third party market reports do not provide a comprehensive understanding of the smart home market and there is a lack of focus on its various market segments. In this report, we provide size and estimates of Smart home market and its various sub segments which have not yet been done. A geographic split of each of the submarket is also provided in our report which is not present in any of the other third party reports.