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USD 15.23 bn Growth in Smart Home Market in the US| ABB Ltd. and Allegion Plc Among Key Contributors|TechnavioNEW YORK, Oct. 25, 2021 /PRNewswire/ -- The smart home market in the US is expected to grow by USD 15.23 bn from 2021 to 2025. Technavio's latest market research report estimates that the market will progress at a CAGR of almost 17.71%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Read Free Sample Report to explore growth opportunities in the smart home market in US. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments. Smart Home Market in US 2021-2025: Segmentation
Receive Our Market Sample Report Now to gain access to more information on the smart home market in US Smart Home Market in US 2021-2025: Vendor Analysis and Scope To help businesses improve their market position, the smart home market in US provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include ABB Ltd., Allegion Plc, Alphabet Inc., Amazon.com Inc., Apple Inc., Honeywell International Inc., Johnson Controls International Plc, Panasonic Corp., Samsung Electronics Co. Ltd., and Schneider Electric SE. The report also covers the following areas:
The growing consumer interest in home automation, the availability of a wide range of smart home products, and the rising need for energy conservation will offer immense growth opportunities. However, the increase in issues related to interoperability, privacy issues with respect to data, and challenges associated with media storage will hamper the market growth. Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at USD 3000. View 3 reports monthly and Download 3 Reports Annually! Smart Home Market in US 2021-2025: Key Highlights
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Download Latest Free Sample Report for additional highlights on smart home market in US. About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact Technavio Research
SOURCE Technavio 
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