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Smart Home Platforms Market Size, Share & Trends Analysis Report By Type (IoT Platform for Smart Appliances, IoT Platform for Security & Surveillance Systems), By Region, And Segment Forecasts, 2022 - 2028

May 2022 | 74 pages | ID: S6B94BCC19F5EN
Grand View Research, Inc.

US$ 4,950.00

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Smart Home Platforms Market Growth & Trends

The global smart home platforms market size is expected to reach USD 60.2 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 16.9% from 2022 to 2028. Improved experience gained by the users owing to the integration of smart home platforms is the key factor fueling the growth of the market. In addition, the use of smart home platforms allows remote control, thereby further driving the market. Concerns related to the security breach and unauthorized access to personal information and connected device of users is the major restraint for the market. Most of the key players operating in the market are adopting strategies such as adding new features to the platform, along with the development of new platforms that are compatible with various smart devices to capture maximum market share globally.

The COVID-19 pandemic has positively impacted the market. Smart home platforms witnessed considerable growth due to the increasing implementation for monitoring patients being diagnosed with SARS-CoV-2 during the COVID-19 pandemic. Several smart platforms based on voice recognition are in the process of development. These platforms would have the capability to provide solutions regarding healthcare. It will also help in avoiding the further spread of SARS-CoV-2 and contribute to the growth of the global market.

The IoT platform for the smart appliances type segment captured the largest revenue share of more than 65.0% in 2021. The IoT platform for smart appliances connects numerous smart appliances having the capability of edge computing and these appliances can be monitored and controlled from any place. In addition, the adoption of these platforms makes tasks fast, easy, and reliable. Therefore, their demand is high, thus contributing more to the market revenue.

The Asia Pacific accounted for the largest revenue share of more than 35.0% in 2021. China is one of the major countries contributing to the large revenue generation in the Asia Pacific. China emerged as the major country for the maximum unit of shipments of smart home devices, thus it led to the larger implementation of software platforms for smart home devices. Rising smart homes in the region and the strong growth of regional GDP are some of the major reasons behind the high demand for smart home platforms in the region.

Smart Home Platforms Market Report Highlights
  • North America is expected to expand at the second-highest CAGR of 17.0% from 2022 to 2028. The increasing implementation of smart home systems leads to the increased adoption of smart home platforms
  • By type, the IoT platform for the security and surveillance systems segment is likely to register the second-highest CAGR of 16.7% from 2022 to 2028. It assists the consumers to monitor their surroundings or environment 24/7 for surveillance and security
  • The Asia Pacific accounted for the largest revenue share of more than 35.0% in 2021. The highest unit of shipments of smart home devices is resulting in the highest adoption of software platforms for those devices in the Asia Pacific
CHAPTER 1 METHODOLOGY AND SCOPE

1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
1.4. List of Abbreviations

CHAPTER 2 EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Type Outlook
2.3. Regional Outlook

CHAPTER 3 SMART HOME PLATFORMS MARKET VARIABLES, TRENDS & SCOPE

3.1 Market Segmentation
3.2 Penetration & Growth Prospect Mapping
3.4 Value Chain Analysis
3.5 Market Dynamics
  3.5.1 Market Driver Analysis
  3.5.2 Market restraint Analysis
  3.5.3 Market Opportunities Analysis
3.6 Business Environment Analysis
  3.6.1 Porter’s Analysis
    3.6.1.1 Threat of new entrants
    3.6.1.2 Bargaining power of suppliers
    3.6.1.3 Bargaining power of buyers
    3.6.1.4 Threat of substitutes
    3.6.1.5 Competitive rivalry
  3.6.2 PESTLE Analysis
    3.6.2.1 Political Landscape
    3.6.2.2 Environmental Landscape
    3.6.2.3 Social Landscape
    3.6.2.5 Technology Landscape
    3.6.2.5 Economic Landscape
    3.6.2.6 Legal Landscape

CHAPTER 4 CONSUMER BEHAVIOR ANALYSIS

4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Type Adoption
4.4. Observations & Recommendations

CHAPTER 5 SMART HOME PLATFORMS MARKET: TYPE ESTIMATES & TREND ANALYSIS

5.1. Type Movement Analysis & Market Share, 2021 & 2028
5.2. IoT Platform for Control & Connectivity Devices
  5.2.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
5.3. IoT Platform for Security & Surveillance Systems
  5.3.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
5.4. IoT Platform for Smart Appliances
  5.4.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)

CHAPTER 6 SMART HOME PLATFORMS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

6.1. Regional Movement Analysis & Market Share, 2021 & 2028
6.2. North America
  6.2.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.2.2 Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.2.3 U.S.
    6.2.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.2.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.2.4 Canada
    6.2.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.2.4.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
6.3. Europe
  6.3.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.3.2 Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.3.3 U.K.
    6.3.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.3.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.3.4 Germany
    6.3.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.3.4.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.3.5 France
    6.3.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.3.5.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
6.4. Asia Pacific
  6.4.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.4.2 Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.4.3 China
    6.4.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.4.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.4.4 India
    6.4.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.4.4.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.4.5 Japan
    6.4.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.4.5.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
6.5. Central & South America
  6.5.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.5.2 Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.5.3 Brazil
    6.5.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.5.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.5.4 Argentina
    6.5.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.5.4.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
6.6. Middle East & Africa
  6.6.1 Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.6.2 Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.6.3 Saudi Arabia
    6.6.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.6.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
  6.6.4 South Africa
    6.6.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.6.4.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)

CHAPTER 7 COMPETITIVE ANALYSIS

7.1. Key Global Players, Recent Developments & Their Impact on the Industry
7.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3. Vendor Landscape
  7.3.1 Key Company Market Share Analysis, 2021

CHAPTER 8 COMPANY PROFILES

8.1. Apple Inc.
  8.1.1 Company Overview
  8.1.2 Financial Performance
  8.1.3 Product Benchmarking
  8.1.4 Strategic Initiatives
8.2. Google LLC
  8.2.1 Company Overview
  8.2.2 Financial Performance
  8.2.3 Product Benchmarking
  8.2.4 Strategic Initiatives
8.3. Cisco Systems, Inc.
  8.3.1 Company Overview
  8.3.2 Financial Performance
  8.3.3 Product Benchmarking
  8.3.4 Strategic Initiatives
8.4. Resideo Technologies, Inc.
  8.4.1 Company Overview
  8.4.2 Financial Performance
  8.4.3 Product Benchmarking
  8.4.4 Strategic Initiatives
8.5. Amazon.com, Inc.
  8.5.1 Company Overview
  8.5.2 Financial Performance
  8.5.3 Product Benchmarking
  8.5.4 Strategic Initiatives
8.6. LG Electronics
  8.6.1 Company Overview
  8.6.2 Financial Performance
  8.6.3 Product Benchmarking
  8.6.4 Strategic Initiatives
8.7. Samsung Electronics Co. Ltd.
  8.7.1 Company Overview
  8.7.2 Financial Performance
  8.7.3 Product Benchmarking
  8.7.4 Strategic Initiatives
8.8. Siemens AG
  8.8.1 Company Overview
  8.8.2 Financial Performance
  8.8.3 Product Benchmarking
  8.8.4 Strategic Initiatives
8.9. Robert Bosch Smart Home GmbH
  8.9.1 Company Overview
  8.9.2 Financial Performance
  8.9.3 Product Benchmarking
  8.9.4 Strategic Initiatives
8.10. General Electrical Company
  8.10.1 Company Overview
  8.10.2 Financial Performance
  8.10.3 Product Benchmarking
  8.10.4 Strategic Initiatives

LIST OF TABLES

Table 1 Smart Home Platforms Market- Key Market Driver Analysis
Table 2 Smart Home Platforms Market- Key Market Restraint Analysis
Table 3 Global IoT Platform for Control & Connectivity Devices Smart Home Platforms Market Estimates and Forecast By Type, from 2017 - 2028 (USD Million)
Table 4 Global IoT Platform for Security & Surveillance Systems Smart Home Platforms Market Estimates and Forecast By Type, from 2017 - 2028 (USD Million)
Table 5 Global IoT Platform for Smart Appliances Smart Home Platforms Market Estimates and Forecast By Type, from 2017 - 2028 (USD Million)
Table 6 Global Smart Home Platforms Market Estimates and Forecast, By region 2017 - 2028 (USD Million)
Table 7 Global Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 8 North America Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 9 North America Smart Home Platforms Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
Table 10 U.S. Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 11 U.S. Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 12 Canada Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 13 Canada Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 14 Europe Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 15 Europe Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 16 U.K. Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 17 U.K. Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 18 Germany Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 19 Germany Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 20 France Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 21 France Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 22 Asia Pacific Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 23 Asia Pacific Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 24 China Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 25 China Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 26 India Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 27 India Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 28 Japan Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 29 Japan Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 30 Central & South America Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 31 Central & South America Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 32 Brazil Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 33 Brazil Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 34 Argentina Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 35 Argentina Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 36 Middle East & Africa Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 37 Middle East & Africa Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 38 Saudi Arabia Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 39 Saudi Arabia Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 40 South Africa Smart Home Platforms Market Estimates and Forecast, 2017 - 2028 (USD Million)
Table 41 South Africa Smart Home Platforms Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
Table 42 Vendor landscape

LIST OF FIGURES


List of Figures

Fig. 1 Smart Home Platforms Market Snapshot
Fig. 2 Smart Home Platforms Market Segmentation & Scope
Fig. 3 Smart Home Platforms Market Penetration & Growth Prospect Mapping
Fig. 4 Smart Home Platforms Market Value Chain Analysis
Fig. 5 Smart Home Platforms Market Dynamics
Fig. 6 Smart Home Platforms Market Porter's Analysis
Fig. 7 Smart Home Platforms Market: Type Movement Analysis
Fig. 8 Smart Home Platforms Market: Regional Movement Analysis


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