Global IT Spending Market for Smart Homes 2016-2020


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Technavio

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About Smart Home

Smart home solutions require efficient networking infrastructure and hence, investments in upgrading and standardization of ICT infrastructure are rising at a high rate. Leading telecom service providers have tapped into the market to revamp the ICT infrastructure to boost connectivity. IT spending is increasing in wireless technologies to provide seamless connectivity for IoT--enabled smart home appliances. IoT--enabled devices and systems need to communicate with each other in real-time to successfully implement smart home solutions. A standard mobile platform is required to run IoT--enabled applications. We note that the IoT framework has disrupted the market for home appliance systems to a significant extent.

Technavios analysts forecast the global IT spending in smart home market to grow at a CAGR of 18.13% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global IT spending in smart home market for 2016-2020. To calculate the market size, the report considers the revenue generated from B2B sales of IT solutions such as hardware, software, and IT services.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global IT Spending in Smart Home Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Cisco
Honeywell International
Intel
Schneider Electric
Verizon Communications

Other prominent vendors
Accenture
Alcatel Lucent
Amazon Web Services
ARM Holdings
Dell
Ericsson
GE
Google
Huawei
Infosys
Microsoft
Oracle
Qualcomm
Telefonica

Market driver
Higher spending on smart community projects
For a full, detailed list, view our report

Market challenge
Slow rate of technology adoption
For a full, detailed list, view our report

Market trend
Increased adoption of voice controlled intelligent system
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Countries covered
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Five forces analysis
PART 06: Market segmentation by technology
Global IT spending in smart home market by technology
IT services
Hardware
Software
PART 07: Geographical segmentation
Global IT spending in smart home market by geography
Americas
EMEA
APAC
PART 08: Market drivers
Increased spending on IoT-enabled devices and M2M communication systems
Higher spending on smart community projects
Need for efficient ICT infrastructure for home automation
Increased use of smart sensor technology
PART 09: Impact of drivers
PART 10: Market challenges
Interoperability and system integration issues
Slow rate of technology adoption
Lack of adequate ICT infrastructure
PART 11: Impact of drivers and challenges
PART 12: Market trends
Emergence of artificial intelligence
Rise of smart robotics
Increased adoption of voice controlled intelligent system
Upsurge of analytics of things
PART 13: Vendor landscape
Competitive landscape
Other prominent vendors
PART 14: Key vendor profile
Cisco
Honeywell International
Intel
Schneider Electric
Verizon Communications
PART 15: Appendix
List of abbreviations
PART 16: Explore Technavio