MarketsandMarkets: Global Smart Homes Market Worth US $13.4 Billion By 2014

News provided by

Markets and Markets

May 04, 2010, 07:04 ET

DALLAS, May 4, 2010 /PRNewswire/ -- The Global Smart Homes Market report analyzes the smart home products and services market over the period 2009-2014. The report studies the major market drivers, restraints, and opportunities for the Global Smart Homes market.

Browse more than 15 market data tables and in-depth TOC on Global Smart Homes Market. Early buyers will receive 10% customization of reports.

http://www.marketsandmarkets.com/Market-Reports/smart-homes-and-assisted-livin

g-advanced-technologie-and-global-market-121.html

(Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field. Remove the space if one exists.)

The Global Smart Homes market is estimated to be $13.4 billion by 2014, growing at a CAGR of 16.5% from 2009 to 2014, driven by the increasing ageing population worldwide. The markets for smart home products and services are expected to grow at a CAGR of 16.3% and 17% respectively. Rise in the ageing population is the major driving force for the growth of the market. Government initiatives and rising smart home adoption rates due to increasing personal income in Asia are also boosting the market.

Further, growing interest from the consumer electronics industry and novel technologies are also expected to fuel market growth in the coming years. However, there is a need for common standards for the usage of smart home technologies such as Zigbee, Z-Wave, KNX, Insteon etc. Moreover, ethical guidelines on the use of technologies that raise privacy issues are also required. Market players are now focusing on new product and consolidations to enhance their commercial portfolios. Collaborations, new product launches and improvements in the existing line of products are the major growth strategies employed by the companies in order to main a competitive position in the market.

SCOPE AND FORMAT

The report analyzes the Global Smart Homes market into the following segments:

    - Smart Home Products Market (Security, Lighting, HVAC, Entertainment,
      Home Health, Energy Management)
    - Smart Home Services Market (Installation & Repair, Customization)

The market data consists of aggregate sales figures of all Global Smart Homes submarkets. It analyzes the market aspects of products and services; sourcing key market developments from the top companies that it profiles.

Analyst Briefing Presentation on the Global Smart Homes Market to be held on 25th May 2010 The Semiconductor & Electronics practice at MarketsandMarkets is pleased to announce its Analyst Briefing Presentation on the Global Smart Homes Market to be held on 25th May 2010. The briefing on the Global Smart Homes market (2009-2014) will benefit the device manufacturers, suppliers and builders.

To register your participation, please click here

http://www.marketsandmarkets.com/AnalystBriefing/smart-homes-market.asp

About us

MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.

M&M covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website http://www.marketsandmarkets.com

    Contact:

    Ms. Sunita
    7557 Rambler road,
    Suite 727, Dallas, TX 75231
    Tel: +1-888-989-8004
    Email: [email protected]

    http://www.marketsandmarkets.com

SOURCE Markets and Markets

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

icon3
440k+
Newsrooms &
Influencers
icon1
9k+
Digital Media
Outlets
icon2
270k+
Journalists
Opted In
GET STARTED