Global IT Spending Market for Smart Homes 2016-2020

  • ID: 3883963
  • Report
  • Region: Global
  • 71 pages
  • TechNavio
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 5

FEATURED COMPANIES

  • Accenture
  • and Telefonica.
  • Dell
  • Google
  • Infosys
  • Oracle
  • MORE
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.

The 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

The 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 drivers
- Higher spending on smart community projects
- For a full, detailed list, view the full report

Market challenges
- Slow rate of technology adoption
- For a full, detailed list, view the full report

Market trends
- Increased adoption of voice controlled intelligent system
- For a full, detailed list, view the full 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 analyst’s time when you purchase this market report. Details are provided within the report.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Accenture
  • and Telefonica.
  • Dell
  • Google
  • Infosys
  • Oracle
  • MORE
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: About the Author

List of Exhibits

Exhibit 01: Key considerations for market segmentation by technology
Exhibit 02: Countries covered for market analysis
Exhibit 03: Product offerings
Exhibit 04: IoT technology overview
Exhibit 05: Global IT spending in smart home market 2016-2020 ($ billions)
Exhibit 06: Five forces analysis
Exhibit 07: Global IT services spending in smart home market 2015-2020 ($ billions)
Exhibit 08: Global hardware spending in smart home market 2015-2020 ($ billions)
Exhibit 09: Global software spending in smart home market 2015-2020 ($ billions)
Exhibit 10: Global IT spending in smart home market by geography 2015
Exhibit 11: Impact of drivers
Exhibit 12: Impact of drivers and challenges
Exhibit 13: Completive factors among vendors
Exhibit 14: Other prominent vendors
Exhibit 15: Cisco: Smart+Connected communities solutions
Exhibit 16: Cisco: Strategy, strength, and opportunities
Exhibit 17: Cisco: Recent developments
Exhibit 18: Honeywell International: Smart home offerings
Exhibit 19: Honeywell: Strategy, strength, and opportunities
Exhibit 20: Honeywell International: Recent developments
Exhibit 21: Intel: IoT-based smart home solutions
Exhibit 22: Intel: Strategy, strength, and opportunities
Exhibit 23: Intel: Recent developments
Exhibit 24: Schneider Electric: Smart cities solutions and services
Exhibit 25: Schneider Electric: Solutions for city-wide management
Exhibit 26: Schneider Electric: Solutions for under city infrastructure
Exhibit 27: Schneider Electric: Energy and sustainability services
Exhibit 28: Schneider Electric: Strategy, strength, and opportunities
Exhibit 29: Schneider Electric: Recent developments
Exhibit 30: Verizon Communications: Smart cities products
Exhibit 31: Verizon Communications: Smart home products
Exhibit 32: Verizon Communications: Strategy, strength, and opportunities
Exhibit 33: Verizon Communications: Recent developments
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Accenture
  • and Telefonica.
  • Dell
  • Google
  • Infosys
  • Oracle
  • MORE
New Report Released: – Global IT Spending in Smart Home Market 2016-2020

The author of the report recognizes the following companies as the key players in the global IT spending in smart home market: Cisco, Honeywell International, Intel, Schneider Electric, Verizon Communications, Accenture, Alcatel Lucent, Amazon Web Services, ARM Holdings, Dell, Ericsson, GE, Google, Huawei, Infosys, Microsoft, Oracle, Qualcomm, and Telefonica.

Commenting on the report, an analyst from the research team said: “One of the key trends for market growth will be increased adoption of voice controlled intelligent system. Voice-controlled intelligent systems are implemented to control and automate the smart home devices through voice commands. Voice-controlled intelligent smart home devices are programmed by entering the code to perform a specific task in the home. Voice recognition software solutions are widely being implemented in smart home devices to control the appliances through voice recognition technology. Popular voice recognition systems such as Amazon Echo, Apple's Siri, Google Now, and Microsoft Cortana are popular among the smart home solution providers. Voice-activated smart home systems, provided by ABB enable users to control the home appliances through voice commands as per the users' choices.”

According to the report, increased use of smart sensor technology will be a key driver for market growth. The use of smart sensor technologies is supporting advanced IT technologies such as M2M communications and analytics. The use of sensor technology to support smart projects, such as smart traffic, smart lighting, smart waste management, and smart grids, are also on the rise. The use of sensor technology in IT solutions, such as IoT for infrastructure development is also gaining traction. Sensors are also embedded in IoT to provide seamless connectivity. Smart sensors make the devices intelligent to detect gestures and motions that help make real-time decisions. Smart sensors are different from traditional sensor technologies because the former are equipped with additional features for smart home automation solutions.

Further, the report states that the increasing rate of adoption of smart home solutions can be witnessed in developed nations compared to developing nations. Connected devices consume more power and bandwidth on Internet networks and provide seamless IoT connectivity, which remains a challenge in developed nations. Connecting multiple devices at the same time requires high bandwidth to transfer data between servers and smart devices. IoT-enabled smart home devices require an expensive internet connection with high bandwidth to manage multiple devices and sensors over the Internet network. IN addition, vendors need to implement IoT solutions that can lower bandwidth consumption with the help of network traffic management systems.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 5
- Cisco
- Honeywell International
- Intel
- Schneider Electric
- Verizon Communications
- Accenture
- Alcatel Lucent
- Amazon Web Services
- ARM Holdings
- Dell
- Ericsson
- GE
- Google
- Huawei
- Infosys
- Microsoft
- Oracle
- Qualcomm
- and Telefonica.
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll