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Smart Home Services Market Size, Share & Trends Analysis Report By Type (IoT Services for Control & Connectivity Devices, IoT Services for Security & Surveillance Equipment), By Region, And Segment Forecasts, 2022 - 2028

May 2022 | 72 pages | ID: S90C3A875845EN
Grand View Research, Inc.

US$ 4,950.00

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Smart Home Services Market Growth & Trends

The global smart home services market size is estimated to reach USD 11.7 billion by 2028 and is expected to expand at a CAGR of 11.2% from 2022 to 2028, according to a new report by Grand View Research, Inc. The growing demand for cognitive systems at smart homes is surging the adoption of installation and maintenance of smart home devices. In addition, customization of smart home devices by professional installers has also supported the expansion in the industry. However, the expensive nature of repair and maintenance services for smart home device is the key factor hindering the growth of the market. Most of the key industry players are adopting partnership and service expansion to capture maximum market share globally.

The COVID-19 pandemic has positively influenced the industry size. Smart home services have witnessed considerable growth due to the increase in the adoption of smart home services for installation and maintenance of smart home devices during the pandemic situation. According to IoT Analytics, the spending on smart home cloud or infrastructure services has positively grown due to the remote monitoring of patients during the critical time of COVID-19 which has remarkably contributed towards the development of the market.

The IoT services for smart appliances segment contributed to the global market revenue share of over 60% in 2021. The IoT services for smart appliances help smart homeowners to remain updated with emerging trends and technological developments with professional installers or service providers. Moreover, IoT services for smart appliances help homeowners to customize their smart appliances according to their needs and make home life easier. Thus, its demand is high and contributes more to the market revenue.

North America accounted for the largest market share of above 35% in 2021. The U.S. was the major country in North America to contribute to the large revenue generation of the smart home services market. According to a survey, around 81% users in U.S. have smart connected homes and one in four owns a smart home device which thereby increase the adoption of installation and maintenance services in this region. The rise in the adoption of smart home services due to growing trends of upgradation and technological development in smart home devices. Thus, it contributes to more revenue generation in North America.

Smart Home Services Market Report Highlights
  • Asia Pacific is forecasted to grow with the highest CAGR of 12.1% from 2022 to 2028. The increasing adoption of smart home devices due to emerging technology and growing demands for voice control technology along with the increasing rate of installation and maintenance services in emerging markets.
  • IoT services for security & surveillance equipment segment likely to register the 2nd highest CAGR of 10.8% from 2022 to 2028. IoT services for security & surveillance equipment needs repair and maintenance service after complete installation and setup for smooth operation.

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 SERVICES MARKET VARIABLES, TRENDS & SCOPE

3.1 Market Segmentation
3.2 Penetration & Growth Prospect Mapping
3.3 Value Chain Analysis
3.4 Market Dynamics
  3.4.1 Market Driver Analysis
  3.4.2 Market restraint Analysis
  3.4.3 Market Opportunities Analysis
3.5 Business Environment Analysis
  3.5.1 Porter’s Five Forces Analysis
    3.5.1.1 Threat of new entrants
    3.5.1.2 Bargaining power of suppliers
    3.5.1.3 Bargaining power of buyers
    3.5.1.4 Threat of substitutes
    3.5.1.5 Competitive rivalry
  3.5.2 PESTLE Analysis
    3.5.2.1 Political Landscape
    3.5.2.2 Environmental Landscape
    3.5.2.3 Social Landscape
  3.5.3 Technology Landscape
    3.5.3.1 Economic Landscape
    3.5.3.2 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 SERVICES MARKET: TYPE ESTIMATES & TREND ANALYSIS

5.1. Type Movement Analysis & Market Share, 2020 & 2028
5.2. IoT Services for Control & Connectivity Devices
  5.2.1. Market Estimates And Forecast, 2017 - 2028 (USD Million)
5.3. IoT Services for Security & Surveillance Equipment
  5.3.1. Market Estimates And Forecast, 2017 - 2028 (USD Million)
5.4. IoT Services for Smart Appliances
  5.4.1. Market Estimates And Forecast, 2017 - 2028 (USD Million)

CHAPTER 6. SMART HOME SERVICES MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

6.1. Regional Movement Analysis & Market Share, 2020 & 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, 2020

CHAPTER 8. COMPANY PROFILES

8.1. Johnson Controls Inc.
  8.1.1. Company Overview
  8.1.2. Financial Performance
  8.1.3. Product Benchmarking
  8.1.4. Strategic Initiatives
8.2. Lumen Technologies Inc.
  8.2.1. Company Overview
  8.2.2. Financial Performance
  8.2.3. Product Benchmarking
  8.2.4. Strategic Initiatives
8.3. Comcast Corporation
  8.3.1. Company Overview
  8.3.2. Financial Performance
  8.3.3. Product Benchmarking
  8.3.4. Strategic Initiatives
8.4. Telus Corporation
  8.4.1. Company Overview
  8.4.2. Financial Performance
  8.4.3. Product Benchmarking
  8.4.4. Strategic Initiatives
8.5. Vivint, Inc.
  8.5.1. Company Overview
  8.5.2. Financial Performance
  8.5.3. Product Benchmarking
  8.5.4. Strategic Initiatives
8.6. ADT Inc.
  8.6.1. Company Overview
  8.6.2. Financial Performance
  8.6.3. Product Benchmarking
  8.6.4. Strategic Initiatives
8.7. Charter Communications Inc.
  8.7.1. Company Overview
  8.7.2. Financial Performance
  8.7.3. Product Benchmarking
  8.7.4. Strategic Initiatives
8.8. Trane Technologies plc
  8.8.1. Company Overview
  8.8.2. Financial Performance
  8.8.3. Product Benchmarking
  8.8.4. Strategic Initiatives
8.9. Rexel SA
  8.9.1. Company Overview
  8.9.2. Financial Performance
  8.9.3. Product Benchmarking
  8.9.4. Strategic Initiatives
8.10. Calix, Inc.
  8.10.1. Company Overview
  8.10.2. Financial Performance
  8.10.3. Product Benchmarking
  8.10.4. Strategic Initiatives

LIST OF TABLES

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

LIST OF FIGURES

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


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