The Smart Home Devices Market is Predict to reach USD 399.5 Billion by 2030, at a CAGR of 19.2%

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Smart Home Devices Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Smart Home Devices Market size is expected to reach $399.5 billion by 2030, rising at a market growth of 19.2% CAGR during the forecast period.

The Solutions segment is leading the Global Smart Home Devices Market, by Component in 2022; thereby, achieving a market value of $266.3 billion by 2030. Consumers increasingly prefer integrated solutions offering comprehensive functionality and seamless interoperability between smart home devices. Solutions segments typically provide bundled packages or integrated platforms encompassing multiple smart home products, such as security systems, energy management tools, entertainment systems, and home automation solutions. Therefore, the need for seamless interoperability is driving the growth of the market.

The Security & Access Control segment is registering a CAGR of 20.2% during (2023 - 2030). With increasing concerns about burglary, theft, and property crime, homeowners prioritize security solutions to protect their homes and families. Smart home security devices offer advanced features such as real-time monitoring, motion detection, and alarm systems that enhance security and provide peace of mind to users.

Full Report: https://www.kbvresearch.com/smart-home-devices-market/

The North America region dominated the Global Smart Home Devices Market, by region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $127.4 billion by 2030. The Europe region would exhibit a CAGR of 18.7% during (2023 - 2030). Additionally, The Asia Pacific region is experiencing a CAGR of 19.8% during (2023 - 2030).

List of Key Companies Profiled

Johnson Controls International PLC
Schneider Electric SE
Siemens AG
Honeywell International, Inc.
Amazon.com, Inc.
Apple Inc.
Google LLC (Alphabet Inc.)
Robert Bosch GmbH
Raytheon Technologies Corporation
Samsung Electronics Co., Ltd. (Samsung Group)

Smart Home Devices Market Report Segmentation

By Component

Solutions
Services

By Type

By Geography

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA