Connected Home Market Outlook and Forecasts 2021 – 2028

Connected Home Market Outlook and Forecasts 2021 – 2028

The definition of a smart home was once relegated solely to home automation as defined by residences equipped with special capabilities that enable residents to remotely control an array of home electronic devices. This includes controlling many different home components such as lighting, appliances, entertainment, security, and more.

However, the notion of the smart, connected home is evolving as supporting technologies evolve, providing solutions for greater intelligence, connectivity, and control. The connected home market is becoming the focal point of virtually all consumer electronics and appliances as well as a point of interface for other consumer durable goods such as automobiles.

This report assesses the connected home market, including major industry players, and solutions. The role of AI, IoT, and supporting technologies is evaluated with analysis of current market inhibitors and solutions.

The report evaluates both the DIY and managed service market including device installation and configuration, provisioning, access control, monitoring, and more. The study measures both global and regional markets for connected homes from 2021 to 2028 covering all major segments.

Select Report Findings:
• The DIY segment will grow at 20% CAGR
• OTT service market will grow at 24.4% CAGR
• AI and big data analytics will be key technology drivers
• Global connected home market is poised to reach USD $393.9 B by 2028
• COVID-19 reinforces the trend that connected homes are extensions of the smart workplace

Companies in Report:
• Abode
• Amazon
• Amdocs
• Apple Inc.
• ARM Holdings
• Arrayent Inc.
• August Home, Inc.
• Axiros
• Blue Clover Devices
• Bosch
• Chamberlain Group
• Cognitive Systems Corp.
• Crestron Electronics Inc.
• Ecobee
• Ecovacs Robotics
• Essence Group
• General Electric
• Google
• Hewlett-Packard
• Honeywell
• Hubitat
• Insteon
• Jasper (Cisco)
• Kangaroo
• Leviton Manufacturing Co., Inc.
• Lexi Devices, Inc.
• LG Electronics
• Marvell
• Mycroft
• Nest (Google)
• Netgear
• Netgem
• Oregan Networks Ltd.
• Philips
• Proto Homes
• Qualcomm
• Samsung Electronics
• Scout Alarm
• SharkNinja
• SmartThings
• Technicolor
• Vera Control, Ltd.
• Whirlpool
• Wink