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Global Smart Hubs Market 2017-2021

Global Smart Hubs Market 2017-2021

About Smart Hubs

A smart home hub is a device that connects the devices on a home automation network and controls communications among them. Once a smart hub is installed, it connects to other smart devices at home and acts as a gateway. Manufacturers of smart hubs need to focus on product advancements, appropriate channels of distribution, and pricing strategies. R&D is an important factor for smart hubs manufacturers.

Technavio’s analysts forecast the global smart hubs market to grow at a CAGR of 5.25% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart hubs market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Smart Hubs Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • LG Electronics
  • Logitech
  • SmartThings
  • WINK LABS
Other prominent vendors
  • CONTROL4
  • Cozify
  • Crestron Electronics
  • Insteon
  • Lowe's
  • SmartBeings
  • Vera Control
  • Vivint
  • Zipato
Market driver
  • Innovations in product technology and product features
  • For a full, detailed list, view our report
Market challenge
  • High dependency on internet connectivity and app-related issues
  • For a full, detailed list, view our report
Market trend
  • Increased availability of voice-based speakers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Hubs Market 2017-2021

Technavio recognizes the following companies as the key players in the global smart hubs market: LG Electronics, Logitech, SmartThings, and WINK LABS.

Other Prominent Vendors in the market are: CONTROL4, Cozify, Crestron Electronics, Insteon, Lowe's, SmartBeings, Vera Control, Vivint, and Zipato.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased availability of voice-based speakers. Currently, a few players in the market offer smart home speakers that are controlled by voice-controlled intelligent personal assistants. Smart home speakers available in the market are clubbed with features like voice control, calling, messaging (through personal assistants cloud connectivity), and playing music from Prime Music, Pandora, iHeartRadio, TuneIn, and others.”

According to the report, one driver in the market is innovations in product technology and product features. Innovations in product technology and product features are driving the global smart hubs market. A smart hub coordinates with sensors, cameras, light switches, and other products. Such devices primarily work on wireless technology. By deploying a number of wireless communication protocols, a smart hub sends and receives signals to and from individual devices. Multiple vendors in the global smart hubs market are offering smart hubs that can be connected to a large number of devices.

Further, the report states that one challenge in the market is high dependency on internet connectivity and app-related issues. The operability of smart hubs is highly dependent on internet connectivity. Any disruption in internet connectivity hinders the operability of a smart hub. The functioning of smart hubs is affected by issues related to sensor connectivity. Connectivity issues hinder the functioning of smart hubs, and the user is unable to detect the device on their smartphones till connectivity is restored. Some users face issues with Wi-Fi and firmware updates.

Companies Mentioned

LG Electronics, Logitech, SmartThings, WINK LABS, CONTROL4, Cozify, Crestron Electronics, Insteon, Lowe's, SmartBeings, Vera Control, Vivint, and Zipato.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Smart home M2M applications
      • Table Home security systems: Trends
      • Table Global smart home M2M market 2016-2021 ($ billions)
  • Market landscape
    • Market overview
      • Table Global smart hubs market
    • Market size and forecast
      • Table Global smart hubs market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by distribution channel
    • Segmentation by distribution channel
      • Table Market segmentation by distribution channel 2016 (% share of revenue)
  • Regional landscape
    • Geographical segmentation
      • Table Global smart hubs market – market size & forecast 2016-2021 (% share of revenue)
    • Regional comparison
      • Table Regional comparison
    • Americas – market size & forecast
      • Table Americas – market size & forecast 2016-2021 ($ millions)
      • Table Americas – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • EMEA – market size & forecast
      • Table EMEA – market size & forecast 2016-2021 ($ millions)
      • Table EMEA – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • APAC – market size & forecast
      • Table APAC – market size & forecast 2016-2021 ($ millions)
      • Table APAC – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Number of HNWIs in key countries (millions)
    • Market challenges
  • Market trends
    • Increased availability of voice-based speakers
    • Growing number of smart cities and urbanization
    • Compatibility with IFTTT
      • Table IFTTT for SmartThings
  • Vendor landscape
    • Competitive scenario
    • Key players in global smart hubs market
      • Table Key players in global smart hubs market
    • Competitive assessment of top four vendors
      • Table Competitive assessment of top four vendors
  • Vendor analysis
    • LG Electronics
      • Table LG Electronics: Business segmentation by revenue 2016 (% share)
      • Table LG Electronics in global smart hubs market
    • Logitech
      • Table Logitech: Business segmentation by revenue 2016 (% share of revenue)
      • Table Logitech: Geographical segmentation by revenue 2016 (% share of revenue)
      • Table Logitech in global smart hubs market
    • SmartThings
      • Table SmartThings: Product segmentation
      • Table SmartThings in global smart hubs market
    • WINK LABS
      • Table Product segmentation
      • Table WINK LABS in global smart hubs market
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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